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Detailed text transcripts for TV channel - MSNBC - 20100430:10:43:00

Newspapers, because you see debt, debt, unsustainable debt, high def sits, protests. when i give speeches, i say, look at greece. it s like te finish the sentence. just like mike said, that s where we re going. that crisis in greece is causing serious problems with eu, and certainly it s a sign of things to come in this country if we don t straighten our act up. you re exactly right. it s by far the biggest story in the world right now, joe. in some ways it s very analogous, less to the united states because we can still print money, we can still change the value of our currency, but it s extraordinarily analogous to new york state, new york city, california. greece s problem is not a shortage of money. it s not liquidity. it is fundamental insolvency. greece has been living far, far, far beyond its means. it s also now turned into a crisis for germany, which has ....

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