Detailed text transcripts for TV channel - MSNBC - 20120823:

Detailed text transcripts for TV channel - MSNBC - 20120823:21:50:00

deficit spending without messing a beat. let's pull the plug on this song an dance once and for all. >> they found the commission on hope, growth and opportunity, a social welfare group paid for this ad. and a series of others that cost an estimated $2.3 million. on the tax return said it spent nothing, zero to influence elections. former congressman john spratt may disagree. he lost the election. richard wolf is an msnbc political analyst. great reporting here, but my big question is, how did this group, this so-called nonpolitical group get to spend all this money, defeat a good congressman named john spratt in south carolina. and here we are two years later and the irs hasn't caught up with them? >> that's a good question. that's a question that should be asked to the irs. i'm hardly the first person to

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