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MSNBCW The Cycle January 15, 2013 20:00:00

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Detailed text transcripts for TV channel - MSNBC - 20130115:20:03:00

Glorious document. i think i heard a clap or two in there about the debt and the nation paying bills and closer and closer to running out of cash to do it. remember, raising the debt ceiling isn t additional spending but allows the government to pay the bills it s already racked up on money it s already spent. today, fitch ratings which sets credit ratings for countries around the world warned the u.s. could lose the aaa rating, the highest there is, if there s not a quote median-term deficit reduction plan put in place. what will it take to get a deal? we start with dan gross. his latest piece is titled obama brinksmanship puts gop in tough spot on debt ceiling. so dan, you write that while you fall off a cliff, you only bump your head in to a ceiling but economically the ceiling has the capacity to deliver far more damage. you are talking like my friend steve kornacki here. ....

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