Detailed text transcripts for TV channel - FOXNEWS - 20100707:13:09:00
Approach that debt wall. as we said many times, gregg, the europeans have hit that wall, they have to turn the corner, they've had to reverse policy. america is going down that road. if we add even more to the current decifit, which is about $1.4 trillion this year, you add to it another three -- another 30, $40 billion, you're hit thank wall sooner. that's the danger here. you could, repeat could, see a ig -- a big drop in the dollar. that's a possibility, butis coming closer if we extend the decifit. gregg: there's a danger on the other side, the political danger of appearing to be heartless...
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