Detailed text transcripts for TV channel - MSNBC - 20130107:20:27:00
Party conservatives had been sounding that alarm for years and then, you know, sort of fiscal conservatives like me had been warning up until the very last moments of the fiscal cliff debate it wasn't going to solve any of the big problems that we still have looming on the horiz horizon. why have the warnings gone ignored for so long? >> i think one of the reasons is there's a very important difference between us and europe which is that we are not only the brink of a financial crisis and about to be shut out of the world's financial markets. we have the world's reserve currency. we have a cen...