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Detailed text transcripts for TV channel - MSNBC - 20111118:17:01:00

but we re not going to have a market meltdown. the market is pricing in but in terms of the last time around we had a downgrade, we had all sorts of crisis with s & p. the washington monument almost closed. precisely. we re not going to have that again. so the assumption is it s going to be some sort of can kicking down the road. yes. and if they fail to get a deal you ve got that sequester that would kick in that would cut money from the pentagon and from social programs. defense cuts. but it doesn t come until 2000123. that s a year for congress to figure a way to get out of that. they could do that easily in a year. the curious coincidence of this is the bush tax cuts expire at the end of 2012 so not actually happens until 2013 which means the deadline isn t next week. the deadline is further away. it s the lame duck session. and like all good writers or maybe fifth graders, which i ve been called in my time, the only ....

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CNNW CNN Newsroom July 27, 2011

boehner s plan has now checked harry reed s. today those same bean counters are saying, yep, reed s numbers are wrong as well. but they also say that when it s all said and done, reed s deficit cutting trumps boehner s by, listen to this, more a trillion dollars. reed s plan, ten years, $2.2 trillion in net debt reduction. meantime boehner s plan $850 billion. again, six days until default. so what about the white house here? no debt meetings, not today, at least not publicly on the president s schedule. so let s go to washington, to jane small she s a congressional correspondent of time magaz e magazine, friend of the show. glad to have you back on. help me understand this, we ll call it odd, this very odd moment between some house republicans that happened yesterday. some are vastly underwhelmed of the debt cutting plan of speaker john boehner. to get them together to rally around this, house leaders showed this clip from a gangster movie, jay newton-small, it s cal ....

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Detailed text transcripts for TV channel - MSNBC - 20110720:06:01:00

Come up with a plan of spending cuts, changes to medicare and medicaid, and taxes. at the top of the show we ll talk to a tea party republican, who says no to taxes, and don t worry about default, spiking interest rates or an american downgrade. our new poll shows the public is taking sides. also, what a day it s been for parliament s investigation into the murdoch scandal. at one point, as rupered murdoch was explaining he knew nothing of the phone hacking and didn t try to cover it up. a man tried to hit him with a plate full of shaving cream. his wife came to his defense and he was unhurt. and lieuies gopper, has come up with a typically irrational explanation for why the deadline isn t really a deadline. joe walsh is a republican from illinois. i want you to go through a couple of details for the bill you re voting on. ....

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Detailed text transcripts for TV channel - MSNBC - 20110720:06:26:00

Cut spending better, i think that s generally the assumption when people vote, so you good a 4:1 swatch or whatever the swap is, why don t you take a really good deal, give the president some revenues and say deal and move on. isn t that a better deal than holding up the government like this? the question is how do you do it? if we re talking about lowers the tax codes i think they ll sign on to that. what the problem is what history has shown, every time we raise taxes, washington just spends the money. hasn t spent much time looking at history. we are running a $2 trillion deficit right now. thank you very much both. we see the situation. ....

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Detailed text transcripts for TV channel - MSNBC - 20110720:06:26:00

I don t think that it s i certainly hope it does not come to that, not just as a partisan, but as an american. the old deal was if you got the hot han, you guys are ahead, most people say you re the party of less taxes and probably could cut spending better, i think that s generally the assumption when people vote, so you good a 4:1 swatch or whatever the swap is, why don t you take a really good deal, give the president some revenues and say deal and move on. isn t that a better deal than holding up the government like this? the question is how do you do it? if we re talking about lowers the tax codes i think they ll sign on to that. what the problem is what history has shown, every time we raise taxes, washington just spends the money. hasn t spent much time looking at history. we are running a $2 trillion deficit right now. ....

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