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Detailed text transcripts for TV channel - MSNBC - 20110726:21:24:00

as the cuts. you can actually see it. almost inparallel. it s an unfair argument and an unfair argument the republicans have used for a very long time. we ve got right leer. here s the graph showing how much spending, how much spending, increased from 2007 and compare it to the increase sharply, right. down to about 24% of gdp going to spending right now, and about 14 15% just below 15% for revenues. the argument, inaccurate, but it s not a dumb argument. one thing we know about the starve the beast policy, it doesn t cut the deficit. seen it over and over. increases the deficit. people think spending doesn t have any cost. what it were do over a long period of time, cut programs. republicans never want taxes to rise at all. over time, spending cuts to meet that. taxes devastated due to both tax cuts and due to the financial crisis and now we re going to have the baby boomers retire and more expenses in the tax code,

Detailed text transcripts for TV channel - MSNBC - 20110726:21:24:00

has gone down at the same time as the cuts. you can actually see it. almost inparallel. it s an unfair argument and an unfair argument the republicans have used for a very long time. we ve got right leer. here s the graph showing how much spending, how much spending, increased from 2007 and compare it to the increase sharply, right. down to about 24% of gdp going to spending right now, and about 14 15% just below 15% for revenues. the argument, inaccurate, but it s not a dumb argument. one thing we know about the starve the beast policy, it doesn t cut the deficit. seen it over and over. increases the deficit. people think spending doesn t have any cost. what it were do over a long period of time, cut programs. republicans never want taxes to rise at all. over time, spending cuts to meet that. taxes devastated due to both tax cuts and due to the financial crisis and now we re going to have the baby boomers retire and

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