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Detailed text transcripts for TV channel - CNN - 20101214:07:20:00

During a presidential race, isn t the president kind of walking into a trap of basically letting this become a major issue during the presidential race? well, no. a lot of provisions will come up within a year. it s the stuff that the rich people get that comes up within two years. the stuff that the working stiff get is in a year. they get half a loaf here. let s be careful there. i suspect that that was about all he could do because this makes the deficit numbers the ten-year projections look awful because the tax cuts are hideously expensive, something like $4 trillion over ten years. everybody comes and says we re going to do something about the deficit and then i ll make a deal. i ll give you everything if you want if you give half of what we want. they agree with that and that s where we are. erick, do you have see this as something for the obama administration good to have come up in two years? i see it as a great idea for republicans particularly if things go according ....

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Detailed text transcripts for TV channel - CNN - 20101214:04:20:00

Race? well, no. a lot of provisions will come up within a year. it s the stuff that the rich people get that comes up within two years. the stuff that the working stiff get is in a year. they get half a loaf here. let s be careful there. i suspect that that was about all he could do because this makes the deficit numbers the ten-year projections look awful because the tax cuts are hideously expensive, something like $4 trillion over ten years. everybody comes and says we re going to do something about the deficit and then i ll make a deal. i ll give you everything if you want if you give half of what we want. they agree with that and that s where we are. erick, do you have see this as something for the obama administration good to have come up in two years? i see it as a great idea for republicans particularly if things go according to plans for everybody fighting out obama care. that s going to be coming up as well in 2012. i m sure by then it will be in the supreme court and ....

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Detailed text transcripts for TV channel - MSNBC - 20101207:14:20:00

Be extended. almost everybody in the economy assumed it was going to be extended, so what you should look at are the new and additional measures, like the $120 billion payroll tax cuts, but that is the kind of thing you need in an economy with 9.8% unemployment if you are serious. not about politics, but actually bringing the unemployment rate down. when you do something like that, you protect every penny of social security. you make sure that there is not one penny of loss to the social security trust fund, so this is going to be very good for workers. it s one time. it s temporary. it won t have an affect on the long-term deficit, and if we don t get growth going better in 2011 or 2012, that s going to hurt our deficit numbers in 2013, 2014, 2015 as bad as anything else. gene, let me tell you about something the talking about how they got the bush tax cuts for all americans, including the wealthiest into law knowing they would essentially continue to be put back in no matter what ....

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Detailed text transcripts for TV channel - CNN - 20101015:21:38:00

Fredricka whitfield monitoring some of the top stories in the situation room right now, including some eye-popping deficit numbers from the u.s. government. fred, what s going on? hello, everyone. the u.s. wrapped up a $1.3 trillion deficit for fiscal year 2010, that s the second year in a row that the deficit topped $1 trillion. but it s actually down from the record $1.4 trillion deficit last year. the slight decline is due to somewhat higher tax revenue and slightly less spending. and russia will help venezuela build a nuclear power station. the president dimitri medvedev and hugo chavez signed a formal agreement in moscow today. and it s on the path to developing new solar and wind energy. it s the latest example of closer ties between the two-countries when it comes to energy trade and defense. in hungary, residents evacuated because of that toxic sludge are now being allowed ....

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Detailed text transcripts for TV channel - CNN - 20101015:10:22:00

Year 2010. a slight improvement from the record in 2009. why so big? and are we numb to just how big these deficit numbers are? think of this. the republicans like to say this, you guys. $1 million a day. if you spent $1 million a day since the day jesus was born, you still wouldn t have spent $1 trillion. that s a big sum of money. it s stimulus, bank bailout, it s an incredible amount of spending to try to get the economy out of this mess it s been in. but we were also given big tax cuts and paying for some wars even before that. we ve on a tough trajectory. these are some of the things we like to tell you about just how big is $1 trillion plus. $1 trillion bills stacked on top of each other would reach 1/3 of the way to the moon. and 1 trillion seconds is 32,000 years. put a dollar in there, you can imagine how big that is. this is what we re talking about heading into the voting booth. any kind of incumbent is saying ....

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