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Transcripts For CNN Erin Burnett OutFront 20120627

cuts that we need, and if congress delays the sequester, that means no grand bargain on spending and entitlements in america. so here s where we get to jenga. dealing with these issues piecemeal is a lot like taking pieces out of a jenga puzzle. this is our economy, this wonderful tower, the biggest and most impressive tower in the world. it is all connected, and one bad move could destroy it. so the super committee last year made our economic base weaker. let s try that. we are on live television. i want to emphasize that. here we go. i m shaking. i m a nill nervous. there is the super committee. and constantly fighting over raising the debt ceiling, 11 times since 2001, last summer, the one that caused our entire country s credit rating to lose the best and most sterling credit rating in the world. i would say that was another piece we just whacked out of our tower of economic strength. there we go. all right. ooh. the truth is, our country is already on shaky ground. and w

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Transcripts For CNN Erin Burnett OutFront 20120627

congress delays the sequester, that means no grand bargain on spending and entitlements in america. so here s where we get to jenga. dealing with these issues piecemeal is a lot like taking pieces out of a jenga puzzle. this is our economy, this wonderful tower, the biggest and most impressive tower in the world, all connected and one bad move could destroy it. so the super committee last year made our economic base weaker. let s try that. we are on live television. i want to emphasize that. here we go. i m shaking. there is the super committee. and constantly fighting over raising the debt ceiling, 11 times since 2001, last summer, the one that caused our entire country s credit rating to lose the best and sterling credit rating in the world. i would say that was another piece we just whacked out of our tower of economic strength. there we go. all right. ooh. the truth is, our country is already on shaky ground. and we have removed so many things from our jenga tower that we

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Transcripts For CNNW Erin Burnett OutFront 20120627

and a man accused of beating up a priest. it looks like an open and shut case. until you look closer. let s go outfront. good evening, everyone, i m erin burnett. outfront tonight, capitol hill s dangerous game of jenga. we re going to play in a moment. let me explain. we came across a report today that, frankly, made us roll our eyes. i said the word vile out loud. here was the line. quote, congress said to delay automatic budget cuts until march. in other words, congress is now trying to get out of its self-imposed deadline of january 1st. that is when our leaders in washington either have to find ways to cut the deficit by $1.2 trillion or face automatic across-the-board spending cuts equal to that amount. now, those automatic cuts are designed to hit in the worst places. places that you would not make quick cuts to solve the spending problem. poorly designed, on purpose. bipartisan reports say those cuts could cost over 1 million american jobs. but instead of that

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Transcripts For KNTV NBC Bay Area News At 11AM 20120627

good morning. i m marla tellez. good morning, everybody. i am jon kelley. we are expecting key testimony in a san jose courtroom today from a man on trial for assaulting a retired priest. william lynch admits, yes, he did attack a priest but says it was all retaliation for the priest sexually assaulting him years ago. nbc bay area s christie smith is live in san jose with a look at everything going on in court today. kra christ christie, good morning. reporter: good morning, jon. a witness is on the stand who is says she worked at the sacred heart jesuit center for 14 years and she she actually walked in on this assault in progress. she testified this morning that she heard william lynch yelling, you ruined my life. you ruined my brother es life. the trial of william lynch, accused of assault and elderly abuse of gerald lindner, a jesuit priest. this attack apparently happened in 2010. lynch says in the 1970s lindner molested him and his brother. mary eden says she sa

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Transcripts For CNNW Erin Burnett OutFront 20120627

good evening, everyone, i m erin burnett. outfront tonight, capitol hill s dangerous game of jenga. we re going to play in a movement. let me explain. we came across a report today that, frankly, made us roll our eyes. i said the word vile out loud. here was the line. quote, congress said to delay automatic budget cuts until march. in other words, congress is now trying to get out of its self-imposed deadline of january 1st. that is when our leaders in washington, either have to find ways to cut the deficit by $1.2 trillion or face automatic across-the-board spending cuts equal to that amount. now, those automatic cuts are designed to hit in the worst places. places that you would not make quick cuts to solve the spending problem. poorly designed, on purpose. bipartisan reports say those cuts could cost over 1 million american jobs. but instead of that terrible situation forcing congress to say, you know what, we re going to find a better, smarter set of cuts, we can cu

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