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Houston business owners react to Gov. Abbott's announcement

Houston business owners react to Gov. Abbott's announcement
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Detailed text transcripts for TV channel - MSNBC - 20101209:14:41:00

Can t deal with the debt problem? no. look, i think you have to be extremely careful of something that i have talked with you guys about before and that s not to conflate our long run deficit challenges with the short-run matters of the deficit that are related to how the economy is doing right now. even the fiscal commission, which was criticized by some for being too focused on austerity, they made totally clear that our long-run fiscal challenge has no implication for what we need to be doing right now. this will not increase the long-run deficit in any way. so long as we don t make these high income tax cuts permanent when this thing is going to expire in two years. all right. austan goolsbee, one of the chief economic advisers at the white house to the president. sans whiteboard today. we want to whiteboard. you invented the whiteboard. you come here, we ll break out the ivenlt pipad we ll do ic ....

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