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Detailed text transcripts for TV channel - MSNBC - 20110105:11:10:00

for the president to be at 50% is remarkable. i think that s why the president looked very rested and ready coming off on the plane and visiting with the press corps. it really does give i think, too, you mentioned having an opposition is healthy for the democrats. it gives them a lot of ammunition in many ways. speaker boehner is talking about a lot of cuts. they ll make this symbolic cut to their operating expenditures, about 5%, maybe less. they re cutting their own staff budget. symbolic, important, a nod to the tea party. then they talked about returning to 2008 spending levels which would cut about $10 billion. there s disagreement about that this morning, but the democrats are going to use that to say, really? you re going to cut 40,000 teachers. that s a 20% across-the-board tax cut? where are you cutting? you re going to cut pell grants for students? it s going to give democrats

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