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Detailed text transcripts for TV channel - MSNBC - 20110218:20:08:00

From the conversation about the budget and the deficit. and i think he did show leadership and frankly if you look at what he s put forward, there is a plan, there is a vision, there is a strategy that says we ve got to make cuts, absolutely. we agree on that. but we ve got to do it in a way that makes sense that also means like most corporations do, by the way, when making cuts, they re investing in future business growth. the president saying let s invest in the future. again, as part of that, that s that conversation. then medicare, medicaid, we absolutely have to deal with that. right. social security. i think what it s going take is frankly people have to sit down in a room, no cameras, and just have it out. i think from a business perspective, people get the idea that to, you know, make money, you ve got to spend money. as you were saying the commission recommended reducing the deficit by $4 trillion, the president s budget for the 2012 year would reduce the debt by $1 tril ....

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