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Testing hot tar. great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what s in your wallet? here s your invoice. from new york, i m chris hayes and with me, bill black, the author of the book the best way to rob a bank is to own one. and formerly with the federal home loan bank board. betsy stevenson, former chief economist for the obama labor department and now assistant professor at the wharton school. and karl smith, and ezra clikle with the washington post. we re discussing about republicans putting debt and deficits front and center through two different means, ....
How do you restore, what could make them accountable? what is very scary is we actually all have the same incentive here on the debt ceiling. there s not republican and democratic differences, nobody wants us to default on our debt and be i don t know if that s true. let me just say it s no good for everybody. that s true, that s a distinction. but in terms of what ezra said, sorry to interrupt. i want to put this out there. don t underestimate sincerity. the last time around the debt ceiling, there were republicans saying we should default. they were going out and saying, actually that is an eventuality to be wished for. when they say that, they can t understand what that would mean. to be sure, politicians don t understand things. but how is it that breaking news. how is there no elite in america to come down on them and tell them that look, can you do whatever you want about all these other issues. mess with all your other ....
Chorus and i say that because they remind us that this president is leading us towards greece. one reason we re going to get rid of it is to make sure we don t continue to have the kind of deficits that lead to greece. my guess is when the president speaks at the democratic convention in charlotte this year, he will not have greek columns behind him. because he won t want to remind people of greece. are we greece, ezra? i can t stand this. i can t stand it. the european it is a bad analogy all the way around. both on what europe needs to do and what we need to do. as bill points out, greece is a tiny nation that cannot control its own currency. that is completely uncompetitive. they are ranked between el salvador, it s unbelieve low on the international competition rankings, their fiscal situation is unbelievably bad. their growth prospects are nil. we are the largest, safest, best-respected economy in the world, with the most-understood ....