CNN Fareed Zakaria GPS October 13, 2013 14:39:00
The first step and can the economy, whatever growth we're seeing now, is already in the face of the headwinds of a convergence of our spending and our revenue and maybe not to the same place that some people would want it but maybe two-thirds there. >> two-thirds of the way to the target. >> and so all of the growth we see this year is in the face of that. in other words, we have already absorbed some of the consequences of normalization. the tapering of qe is not the first step. >> lloyd, let me ask you this. is it fair to make this, you know, kind of moral equivalence if you will? both parti...