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Detailed text transcripts for TV channel - MSNBC - 20110726:11:22:00

Into default? let me go back to the beginning of your question. you say republicans wouldn t be willing to do this. the president sat twice with speaker boehner who was willing to put as much as $800 billion in revenue on the table as part of tax reform. 16 republican senators have been willing to agree with the gang of six to have revenues as part of tax reform, much more significantly than this president. so what the president really said is that there is just a faction in washington that is keeping us from this type of a comp roar mize. this type of ball llamas that could get us there. i know that everybody wants to go now to the doomsday scenarios. we should start with what are the constructive approaches we could get there. the has bent over backwards for bipartisan, balance, compromise. time for others to do the same. that s the sole focus this morning. you re right. there are republicans that have supported the closing of the tax loopholes. tom coburn came up with, i ....

John Boehner , Republicans Wouldn T , 00 Billion , 800 Billion , Washington Dc , Tax Reform , Ball Llamas , Comp Roar Mize , Doomsday Scenarios , Convinces Republicans , Tax Loopholes , Tom Coburn ,

Detailed text transcripts for TV channel - MSNBC - 20110726:11:32:00

Sensible gang of six. you said 32, that puts you 28 away. what happens next? what happens in this week to make the markets feel better and the regular guy living in chicago or ordinary worker in memphis, tennessee. what it gets down to is harry reid put on the table a sensible approach. it s a reasonable compromise. we re going to make significant cuts in spending which the republicans have asked for. we re going to move forward with the extension of the debt ceiling. so it doesn t become a political football. people say, well this, is all about the next campaign. it s about the economy. and what we re told by the agencies is that if you lurch from month to month in another one of these pitch battles in washington, we re going to downgrade the american economy. which means interest rates will go up and the average family is going to feel it in their credit card bill. what they pay for a car or a home. that s a tax we don t want to impose on america. it can be avoided if reasonable pe ....

Harry Reid , Guy Living , Convinces Republicans , Debt Ceiling , It Doesn T , Washington Dc , Interest Rates , Credit Card Bill , Pitch Battles ,

Detailed text transcripts for TV channel - MSNBC - 20110726:10:01:00

Made a case by saying this would you rather reduce deficits and interest rates by raising revenue for those not now paying their fair share? or would you rather accept larger budget deficits, higher interest rates, and higher unemployment. i think i know your answer. those words were spoken by ronald reagan. but today, many republicans in the house refuse to consider this balanced approach, an approach pursued by president reagan, but by the first president bush, by president clinton, by myself, and be my democrats and republicans in the united states senate. the sad truth is that the president wanted a blank check six months ago. and he wants a blank check today. this is just not going to happen. you see, there s no stalemate here in congress. the house passed a bill to raise the debt limit with bipartisan support. this week, while the senate is struggling to pass a bill filled ....

Interest Rates , Budget Deficits , Convinces Republicans , President Reagan , President Bush , United States Senate , Debt Limit ,

Detailed text transcripts for TV channel - MSNBC - 20110726:11:19:00

It s not good for the economy in a constant threat we would not go in to default or the default of america is a bargaining chip. gene, the president deliver add speech to the american people. took it to the american people. it was, i think most people in the middle would agree, a very balanced approach that you re talking about that the president was talking about last night. but at the end of the day, if the republicans are not going to compromise with this president, it comes down to one real question and that is, if john boehner doesn t get the republicans to move on taxes, on tax loopholes, if he doesn t get them to move on other issues, on spending, if he doesn t get them to move on a permanent debt ceiling increase, will this president veto a bill that john boehner and congress sends to him? look, we re facing a stalemate right now. our issue now is not what happens if legislation comes to ....

Add Speech , Bargaining Chip , Convinces Republicans , John Boehner , Tax Loopholes , Doesn T , Kellyo Donnell , Debt Ceiling Increase ,

Detailed text transcripts for TV channel - MSNBC - 20110726:11:32:00

Talked about or the more sensible gang of six. you said 32, that puts you 28 away. what happens next? what happens in this week to make the markets feel better and the regular guy living in chicago or ordinary worker in memphis, tennessee. what it gets down to is harry reid put on the table a sensible approach. it s a reasonable compromise. we re going to make significant cuts in spending which the republicans have asked for. we re going to move forward with the extension of the debt ceiling. so it doesn t become a political football. people say, well this, is all about the next campaign. it s about the economy. and what we re told by the agencies is that if you lurch from month to month in another one of these pitch battles in washington, we re going to downgrade the american economy. which means interest rates will go up and the average family is going to feel it in their credit card bill. what they pay for a car or a home. that s a tax we don t want to impose on america. it can be ....

Harry Reid , Guy Living , Convinces Republicans , Debt Ceiling , It Doesn T , Washington Dc , Interest Rates , Credit Card Bill , Pitch Battles ,