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Detailed text transcripts for TV channel - MSNBC - 20130829:23:50:00

The federal government is rung up against its debt ceiling. according to the secretary of the treasury, and we have no other authority on this matter since october. if we decide not to extend or raise the debt ceiling, the united states will either have t savings bonds which we were told as boy scouts you absolutely could guarantee you ll get the money on or not pay its bills overseas it owes on debt or whatever. not pay social security. stop being able to pay its bills. people like ted cruz say, we re willing to take that risk. now apparently your party leadership is going along with them. well, chris, look are they right? yes. i think you have two irreconcilable conditions. first, the president has drawn a red squiggly line on a plaid paper saying he s got going to negotiate with the republicans on the debt ceiling. you have the speaker who now said recently that he is not going to pass an increased debt ceiling without offsets in how much it s going to increase. remember, th ....

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