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Detailed text transcripts for TV channel - MSNBC - 20131029:21:57:00

But what are they thinking? we would still have the defense budget after the sequester which is 50% higher than it was in 2000 in real dollars, before the whole bush war machine got cranked up, et cetera. they didn t get the memo the cold war is over. the american people said stop it, syria. we don t need this war machine. they can cut substantially, but instead the republicans will fight to raise it. democrats want revenue. they blew it in the fiscal cliff bill when they extended permanently $4 trillion of tax cuts for the upper part of the households in america. low income people weren t going to be impacted anyway, we never should have extended those taxes. you can t get them back now. it s permanent. and so there s no revenue except trivial loophole closing which will never happen because the lobbies dominate the process. and then finally, if i could just say, president obama stuck ....

Defense Budget , Cold War , Bush War Machine , Et Cetera , Stop It , Tax Cuts , 4 Trillion , President Obama , Loophole Closing ,

Detailed text transcripts for TV channel - MSNBC - 20131029:21:59:00

Problem and the debt deniers are wrong, we have a huge long-term deficit problem. if you wait until 2017, it means you re going to hope nothing bad happens, no recessions. seven years of recovery, a lot of jobs created, everything built into the cbo forecast which i think is a rosy scenario. so i think we re drifting into danger. and yet, unless they do something now, how can anything be done? how would you fix it? if there s no new revenue, how do you fix it? you have to have a massive demobilization of this war machine. we don t need it any longer. even keeping the country safe in this environment? of course we can keep the country safe on $400 billion a year. we don t need $600 billion. bill clinton was keeping the country safe on $400 billion. second, we have to means test the entitlements. there is nothing in the trust funds. that s confetti. we have to means test and go for the affluent recipient, reduce his benefits under medicare and ....

Festering Problem , Deficit Problem , Debt Deniers , Congressional Budget Office , Bush War Machine , 00 Billion , 400 Billion , 600 Billion , Trust Funds , Bill Clinton ,