Detailed text transcripts for TV channel - FOXNEWS - 20100215:21:54:00
On the debt? >> well, sir, credit worthiness is the key. as long as people are willing to loan you money, perhaps knowing that you can't pay them back, you are in a good position. surely the day will come when people will loan you no longer. >> eric: here is what i'm getting at -- what is the reason to take on debt? what is the one reason, real reason anyone should take on debt? >> war is the primary reason a nation takes on debt. war cannot be funded by normal expenditures. nibble a time of war many nations borrow considerable sums to pay for the military that they neneed. in other times, how...
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