Detailed text transcripts for TV channel - MSNBC - 20110728:01:09:00
House of representatives okay going past august 2, 8, 10, or wherever they need to go to get a balanced budget amendment. if you go there, though, we don't just get a downgrade, downgrade would be bad enough, we'd get one if we passed the boehnor plan. if we went into prior ç tieization, we're going to suck $134 billion out of the economy in august. that's 10% of that one month's gdp. you don't get to do that without going into, essentially, an immediate recession. >> the numbers, when i hear you talk, stress me out. i can't quite conceptualize what a billion looks like, if i'm trying to fig...
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