Detailed text transcripts for TV channel - CNN - 20110316:16

Detailed text transcripts for TV channel - CNN - 20110316:16:25:00

going to add to our debt burden in a way that might push us closer to a fiscal crisis. that's the crisis deficit hawks say occur when interest rates go up. the more debt you have on the books the higher the rates go, the more you're in trouble in terms of having to pay what you owe. it's not that we won't provide the disaster relief. we will. bond markets likely will lend to us. rates are very low but you hope if a disaster happens rates remain low during that time. >> jean, a natural disaster could happen any time. is there a quick fix or a long-term solution to this. >> on a practical level, obviously, you know, putting safety precautions in place in areas like nuclear plants and doing earthquake prevention and so on can minimize the cost of damage, should a catastrophe occur. but more broadly, deficit hawks, and lawmakers on the left and right, are saying that this is the year that people need to put in place a long-term debt reduction plan. measures don't have to go into

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