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Transcripts For CNNW Erin Burnett OutFront 20120712

burnett. a damsel in distress. remember that, tied to the train track, helpless, her only hope is that she s rescued before she is flattened, destroyed, ripped to bits, like a penny on the train track. makes me think of the aflac ad. the government added another $60 billion to the deficit in june. so the grand total on money that we ve borrowed so far this fiscal year is $904 billion. the real headline, though, is that that number confirmed that we are on solid track to hit a $1 trillion deficit for the fourth year in a row. well, the sky high numbers start to blur in this country. it s trillions here and trillions there and hundreds of trillions. it gets confusing. tonight actually there s a really frighteningly easy way to put that $1 trillion in perspective. so to give you just a sense of how much money we re burning through that we do not have, remember the $1.2 trillion in automatic cuts th s thas that c the end of the year? the so-called sequester cuts that republicans

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Detailed text transcripts for TV channel - FOXNEWS - 20120703:17:34:00

american jobs overseas unquote. what the romney campaign and others tried to do is extract mitt romney from his tenure at bain. some of these jobs were shipped overseas after 1999. but the fact is mitt romney remained ceo and sole owner of bain capital through 2001. reporter: sources at bain insist romney never returned to the firm and played no role there after february, 1999. but the obama campaign up loaded these disclosure forms which show romney in 2001 continuing to list bain and its various subsy airedries ace his employer often with him as sole owner yet the same forms show romney listed with bain as former executive. specifying his role was passive with no management capacity. megyn: chief washington correspondent james rosen reporting there. we thank him for that report. for a fair and balanced debate, christopher hahn, former aide to senator chuck schumer, and chris plante, radio show host of the

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Detailed text transcripts for TV channel - MSNBC - 20120703:05:39:00

but to make money for himself and his fellow investors. and that s the point that the president has been very good at making again and again and again. he wasn t in it to further public or communal interests. he was in for the money. and the second thing is, mitt romney signed the papers for this deal. i have another deal that happened two years later. he s listed in s.e.c. records as part of the management committee for bain. now, bain says he was just merely a signatory, because it was very hard to separate him from the ownership in a private equity firm, because you know what, it s complicated. but that aside, we see indications again and again that he had deeper involvement, or that he had some involvement, at least not no involvement, in what bain was doing after february 1999, when he says he left and retired to go work on the olympics. so these are issues that are going to have to be resolved. they can be resolved by looking at the tax returns in part, and by going to some of th

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Detailed text transcripts for TV channel - MSNBC - 20120703:02:40:00

february 1999, when he says he left and retired to go work on the olympics. so these are issues that are going to have to be resolved. they can be resolved by looking at the tax returns in part, and by going to some of these other deals, and it just doesn t again, it s very fishy. go ahead, darrkaren, quickly. as david points out, it s not just the tax returns, but the nature of his awareness in what these companies were doing and what their interactions were in addition to the tax implications. and was he making tens of millions of dollars off this? did he know what was happening? we ve got to break it there. david, before you go to bet to find, can you find out how much stericycle is making from romney care in massachusetts? surely she have contracts in massachusetts that are basically funded by romney care. stay up a little later tonight, david. thank you both very much for joining me tonight. thank you. coming up, how supreme court really did rewrite the

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Detailed text transcripts for TV channel - MSNBC - 20120212:17:17:00

did you trust him? not really. in february 1999, the local newspaper did a business feature on the new ski shop in town. steve heitman was interviewed, and his resume expanded to fill the space provided. she said he served in germany in the army, studied at the university of heidelberg and, of course, was an expert skier from an early age and had worked for the ski-makers atomic and head as a designer and field tester. did you ever see him ski? no. nobody had seen him ski. steve worked his people hard, but the rewards could be huge. for instance, during a big ski show in las vegas, he took six employees to a nascar race by helicopter. that little field trip cost about ten grand. it may seem like a lot to you, but it was nothing to steve heitman. handed me a fanny pack one time, and i go what s in this? he goes, my money. hang on to it.

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