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Detailed text transcripts for TV channel - MSNBC - 20100208:09:37:00

Foreclose, if prices go down significantly from here. let me move on. i want to talk about the deficit and i also want to talk about taxes. here are the deficit projections from the president s 2011 budget and the numbers are, frankly, staggering. if you look at the deficit for 2010, 1.56 trillion. through 2015, they estimate it comes down with $751.9 billion. how serious is this, secretary paulson, assuming also that ten-year projections are often wrong? oh, i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic issues are minor compared to that. and it s a generational issue, because there s no way we re going to deal effectively with ....

Deficit Projections , Henry Paulson , 751 9 Billion , 751 9 Billion , 1 56 Trillion , Nation Face , Long Term ,

Detailed text transcripts for TV channel - MSNBC - 20100207:19:38:00

How serious is this secretary paulson, assuming also the ten-year projections are often wrong? i just have no doubt that it is by far the most serious long-term challenge we as a nation face. all these other issues, economic issues, areminor compared to that. and it s a generational issue because there s no way we re going to deal effectively with the deficit without reforming the entitlement programs, medicare, medicaid, social security. and it doesn t have to be a crisis. this is something that can be handled, but one of the things that i talk about in my book, one of the lessons that just hit ....

Secretary Paul Son , Nation Face , Long Term , Social Security , Entitlement Programs ,