Detailed text transcripts for TV channel - MSNBC - 20110721:05:12:00
Period of time would be devastating. we cannot expect people to absorb these kinds of cut backs, when you have wall street cashing in on the economy. >> it makes no sense. >> we don't have to go into default. it should not be a choice. we have to do everything we can to avoid it, we cannot ask the poor and the middle class to continue to bear the burdens of the wrong decisions that congress has made. >> for the latest on the negotiations, let's turn to sam stein and michael eric dyson, a professor of sociology at georgetown university and author of "can you hear me now?" . sam, what's the late...
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