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Detailed text transcripts for TV channel - MSNBC - 20110731:11:09:00

when obama was talking to boehner a few weeks ago, we getting near that. now we don t have anywhere near a $4 trillion move at all. because bavor couldn t sell the revenue increases to the party. last we re holding the world to ransom. one more thing, michael. in that process, the politics are now poisoned. the bipart sn approach lost and there are more hurdles along wait such as the balanced budget amendment. they don t sign by those rules, michael. and this speaking to an edifice behind you. eve you if they cut the deal, the aaa bond rating reduced it will be on the president s watch. reporter: right. that s the issue for this white house and why, number one they want to move the debt ceiling issue away from the next two years. yes, it s a political issue but also an economic issue. really bad gdp numbers came out on it, and all of this

Obama
Bavor-couldn-t
World
Party
Ransom
Revenue-increases
Move
4-trillion
Trillion
Thing
Balanced-budget-amendment
Michael-smerconish

Detailed text transcripts for TV channel - MSNBC - 20110731:11:09:00

because bavor couldn t sell the revenue increases to the party. last we re holding the world to ransom. one more thing, michael. in that process, the politics are now poisoned. the bipart sn approach lost and there are more hurdles along wait such as the balanced budget amendment. they don t sign by those rules, michael. and this speaking to an edifice behind you. eve you if they cut the deal, the aaa bond rating reduced it will be on the president s watch. reporter: right. that s the issue for this white house and why, number one they want to move the debt ceiling issue away from the next two years. yes, it s a political issue but also an economic issue. really bad gdp numbers came out on it, and all of this uncertainty, we ve all known that businesses right now in the last couple of weeks have gotten a little nervous. people have held back, because they re not sure what s going

Thing
Bavor-couldn-t
World
Party
Michael-smerconish
Process
Politics
Ransom
Revenue-increases
Bipart-sn-approach
One
Balanced-budget-amendment

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