Detailed text transcripts for TV channel - MSNBC - 20110802:

Detailed text transcripts for TV channel - MSNBC - 20110802:02:22:00

into an inscalable hole. i refuse to be complicit in recklessly spending and borrowing on the backs of the next generation. but your colleagues, paul ryan and mike pence and eric canton and sean duffy all voted for the deal. the tea party kak cuss voted for the deal 32-28. are they implicit in recklessly spending and borrowing on the backs of the next generation? >> i'm optimistic we can do better. they thought it was historical and it was where we had two years in a row with discretionary spending cuts. the budget next year is bigger, and the next year it's going to be bigger. we've locked in major spending increases, but the deficit is still likely to be a trillion dollars for a number of years to come. $1.65 trillion this year, maybe a trillion dollars next year. we can't sustain that. americans can't afford that much government, and that's what i'm

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