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Detailed text transcripts for TV channel - MSNBC - 20110801:03:07:00

congress hand? well, again, it might be more negotiable to negotiate this with you, but i can t get into a lot of details, but first, you have to agree enob the spending cuts and the process for the committee and make sure it is essential to get the debt ceiling extended, and then make sure that whatever enforcement mechanism is number one one, if were triggered the country could live with, but strong enough to compel folks to act. you will see that this is a healthy debate. i think that the uncan be tcoun learned a lot about our debt and deficit, and where the president stands is where the american people stand. if we are going to do another set of debt ceiling negotiations, it has to be a well, there is no tax increases in this. the president said it had to have tax increase and had to be balanced and that is not in the deal. well, this committee is charged with coming up with additional debt reduction and there is no way to do it without smart entitlement reform and tax

And another committee in washingtonDebt ceilingEnforcement mechanismDebt ceiling negotiationsUncan be tcounDeal or noTax reformTax increasesEntitlement reformTax increaseDebt reduction

Detailed text transcripts for TV channel - MSNBC - 20110801:03:08:00

reform. so, you only get to potential tax increases as part of a second stage of spending cuts that a committee has to agree to. well, the first stage is clear in the first stage what we are going to get is an extension of the debt ceiling and get the first set of spending cuts over $1 trillion and then the committee chargeded with reporting out hopefully a balanced budget reduction. what about this balanced budget committee, and you talk about a super committee, and 17 months ago the president convened a committee of the proposals not acted on by president and congress and now another committee and nobody is yet making the hard choices about two-thirds of the budget, which is entitlement spending. so what is healthy about this debate? well, it is certainly not been a healthy debate in the short term and the american people are sitting back and saying, you know, i m going through tough things in my life, and these folks are sitting there arguing with each other

And another committee in washingtonDebt ceilingThe second stageTax increasesSpending cutsRyan budgetSuper committeeBalanced budget committeeCommittee chargeded1 trillionEntitlement spendingIn my lifeEach other

Detailed text transcripts for TV channel - MSNBC - 20110801:03:56:15

Detailed text transcripts for TV channel - MSNBC - 20110801:03:56:15
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Deal or noDavid plouffeTax increasesSticking pointSenior adviserDeficit reductionsWon t1 trillionAnd another committee in washingtonTax reformEntitlement reformDebt reduction

Detailed text transcripts for TV channel - MSNBC - 20110801:03:03:00

Detailed text transcripts for TV channel - MSNBC - 20110801:03:03:00
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Debt ceilingDavid plouffeChuck toddWhite house2rtrillion up front1 8 trillion8 trillionAnd another committee in washingtonEnforcement mechanismDebt limitBoard cut