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Detailed text transcripts for TV channel - MSNBC - 20110802:08:35:00

taxes are awesome. no, taxes are means by which the government pays for its provisioning of goods. taxes get us roads, parks, sewers, and running water. if you stop paying for the government to provide public goods, then not surprisingly what tends to happen is the quality of those public goods decline. you get, instead, public mess. this deal, where the republicans say hey, maybe we ll destroy the economy, democrats say okay, we ll give you tons of spending cuts and no taxes, just how you want it. groovy working with you. this deal calls into question whether our political system has totally lost the capacity to raise revenue to pay for the vital public good, and if you think i m being hyperbolic here, hold on tight because there s a chart coming up with your name on it. in the era of the mythic beltway of ronald reagan and tip o neal, the definite reduction deal was

Detailed text transcripts for TV channel - MSNBC - 20110802:01:35:00

taxes aren t just in and of themselves, no one wants them to be higher taxes because hey, taxes are awesome. no, taxes are means by which the government pays for its provisioning of goods. taxes get us roads, parks, sewers, and running water. if you stop paying for the government to provide public goods, then not surprisingly what tends to happen is the quality of those public goods decline. you get, instead, public mess. this deal, where the republicans say hey, maybe we ll destroy the economy, democrats say okay, we ll give you tons of spending cuts and no taxes, just how you want it. groovy working with you. this deal calls into question whether our political system has totally lost the capacity to raise revenue to pay for the vital public good, and if you think i m being hyperbolic here, hold on tight because there s a chart coming up with your name

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