Detailed text transcripts for TV channel - MSNBC - 20110714:

Detailed text transcripts for TV channel - MSNBC - 20110714:20:11:00

the question, how long longer where the american people put up with a charade of being taxed or have austerity measures imposed when the only real solution is absolutely debt restructuring? >> the amazing thing about this, and i've been doing this for too many years now, but nobody knows what this debt ceiling is about. out in america, or even in washington. you just heard congressman, did you understand what he was saying? i had no idea. >> legal and legal. that's illegal. >> nobody know what's will happen. it is a formality, passed again and again and again by democrats and republican presidents, it is a diversion from the actual lsh l -- from what? >> the fact we need to create jobs. how stupid is this? my argument with the president is he's been playing on the republican side ftd field, indulging long-term debt discussion. as you just said, restructuring, long-term debt, figuring out a way to pay for entitlements is a

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