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Transcripts for MSNBC Velshi 20240604 14:06:00

Framework, a truly intensive phase begins now, and a real challenge to consolidate support in a sharply divided congress. so it is not just republicans and speaker mccarthy, we don t know how many republicans he can afford to lose to get this to pass in the house, because, of course, it is going to the democratic votes. and so, to that, and the white house is going to have their own virtual briefing with all house democrats at five p.m. today to try to kind of consolidate and keep that coalition together. so we will see where that goes from here, but the fact that the clock starts ticking once the text is out with a bill possibly voted on as early as wednesday, that is also not even the finish line. we need to remind everyone then, from, there it would go to the senate, where already, you are seeing some lawmakers with major outstanding questions expressing reservations as well, and sometimes, as you, know, ali the process in the senate can take even longer, can take days, then it does ....

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Transcripts for MSNBC Velshi 20240604 14:12:00

Chooses other processes to, really in good faith, negotiate. because it is valid. you and i will disagree on whether we should have spending cuts, versus tax increases, but that is, as you say, the business of government. that is how it supposed to go. should we just be done with this debt ceiling nonsense, for once, and for all? but i would say our focus on spending should be during the appropriations process, the disagreement should have some reforms to use the 12 appropriations bills, so we can compromise on that right there. what if we have an encounter, ali, but as this debt ceiling that allows us to be introspective, we flocked 32 trillion dollar debt ceiling is very big, and the president s budget proposed a 1.9 trillion dollar average increase in deficit spending on average for ten years for 19 trillion total, and we were on the pathway for a 200% gdp ratio which is way too high. it is unsustainable. ....

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Transcripts for MSNBC Velshi 20240604 14:50:00

There needs to be some trip wire which gets people to say no, we can t keep doing that. it will wreck our economy. it will wreck the critical programs that we need. so, i just think that the debt ceiling forces people to do something. i support a constitutional minute to require a budget, except in times of war, just like when i was governor, i had a balance to budget. governors all across the country have to do it. we have to get ourselves in a better position financially, fiscally. it will be good for the american people. that s the way i look at it. if our discussion to be had. there is a good discussion to be had, whether you have to balance the budget to be a good fiscal position. we have to balance our budgets here, so i have a commercial break so we can pay the bills. we will take a quick break and discuss it on the other side, so we can be fiscally responsible as well. goodwin ali, good. ....

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