Detailed text transcripts for TV channel - MSNBC - 20110726:

Detailed text transcripts for TV channel - MSNBC - 20110726:19:34:00

announces more savings that boehner keeps hidden and keeps them hidden for a reason, and reid will draw down the wars to save him $1 trillion, and reid announced the savings on interest, and boehner will do it all but he keeps it hidden and keeps it hidden, because he wants to say he is only cutting $1 trillion and do a trillion increase in the debt ceiling, and if we can only do a $1 trillion in the debt ceiling then we have to come back and boehner can extract more concessions then, but on the actual specific cuts that the two are recommending is that they are very, very close and you could see them merged into a compromise down the road. >> i wanted to know, that ezra, could the two plans be conflated, distilled into something that might actually be agreeable to both sides? >> well, it shouldn't be that hard. so what boehner has in the plan are two different types of mechanisms to force later savings and one is that he has the caps on spending and if you go over the caps then automat cuts will happen across the

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