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Detailed text transcripts for TV channel - MSNBC - 20121201:03:03:00

me because it is in your interest to pay me. but i want your answer and the money by noon tomorrow. senator, you can have my answer now, if you like. my offer is this nothing. okay. maybe that s not actually exclusive tape of the budget negotiations, but it is kind of the spirit of the thing. president obama s opening bid to the republicans goes like this. first democrats get a trillion dollars in tax revenue by letting the high-income bush tax expire. that hatch matches the spending cuts in the 2011 debt ceiling deal. a trillion for a trillion. then dem krts and republicans get 6 billion worth of stuff they want. democrats get 6 billion from tax reform and republicans get 600 billion in spending cuts of which 350 mill billon comes from medicare and other health problems and 250 billion comes from elsewhere. then we draw down wars in iraq

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