Detailed text transcripts for TV channel - MSNBC - 20130304:

Detailed text transcripts for TV channel - MSNBC - 20130304:11:22:00

it's actually 1.2% this year. it's going to not be $85 billion. it's going to be $42 billion because cbo says that's all the cuts that will be implemented this year. $43 billion out of a $3.55 billion budget. that's also $42 billion out of a $16 trillion economy. that's about a penny on a dollar. that the white house has to cut. and this really unfortunate scene where you have the president, nicolle, going out there trying to tell us that because of a penny out of a dollar being cut, planes are going to fall from the sky, and people are going to eat rotten meat. e. coli. >> you're going to get it. >> we're not going to be able to forecast, their words, not ours, droughts, hurricanes, tornadoes. this is a very effective penny, this penny that's been cut. >> where are we that we can't cut -- is this where we are as a

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