Detailed text transcripts for TV channel - MSNBC - 20100714:16:52:00
Lew to be the new budget director and to tackle the strangling deficit. >> his challenge is to use his extraordinary skill and experience to cut down that deficit and put our nation back on a fiscally responsible path. >> well, good luck with that. our debt tops $13 trillion. can you even conceive of that number? how is this to pay it off. every taxpayer would need to chip in $119,000, each. any takers? the president commissioned a group of experts to tackle the problem, and the chairman wasn't so optimistic. he said this debt is like a cancer. it is truly going to destroy the country from wit...
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