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Detailed text transcripts for TV channel - MSNBC - 20110802:20:30:00

13ds trillion. you have an $8 trillion increase in projected debt over two years. between 2008 and 2010. two-thirds of that $8 trillion in projected new debt for america, that began when barack obama became president, is directly correlated to the recession, the housing collapse and increased entitlement expenses as a result of the unemployment. in other words, $6 trillion of the $8 trillion is from the financial crisis. you sat in the middle of the resolution for the financial crisis. we re having a whole debt debate whether to cut social security, take food from the poor people, tax the rich people, but no one talking about the way this happened through the collapse of the clinton money machine. can we get out of this if we do not acknowledge how we got into it? no, dylan. you re absolutely correct. we re in a debt crisis because of the previous financial crisis baufr the existence of financial ....

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Detailed text transcripts for TV channel - MSNBC - 20110802:20:47:00

Ex-ex-explicitly direct to corn and soybeans, used to produce mostly junk food. talking incorrect subsidies because we all pay each other s health care costs. the sicker we are, the more we re paying for it and ignoring the cost to the environment that these kinds of crops are creating. it all makes sense to me. one thing strikes me as a critical problem in your theory. if i want to raise money to run for president, i have to do well in the iowa primaries. if i don t do well in the iowa primary, i cannot create the optics of momentum that allow me to go to other states in order to accumulate the funding to move forward. in order to do well in the iowa primary, i must be in favor of corn subsidies. well, it s a problem. i mean, i agree, it s a problem. i m not a political analyst. but there actually are farmers, farm bureau representatives, even big farmers who say let s ....

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Detailed text transcripts for TV channel - MSNBC - 20110802:20:35:00

oh, no. the politicians aren t the only ones to blame, although they ve enabled this. the american people are responsible in that they ve overleveraged themselves just like our financial institutions. right. but it s also a little too symptom say, oh, these are the greedy homeowners using their homes at atms. a corrupt system that encouraged the largest financial institutions to play on that greed and also there s a lot of misrepresentations a lot of predatory lending and fraud that led to the bubble. absolutely. volalso, they re the ones wh elected these that are making decisions. talk as jobs be jobs, jobs, didn t we hear this in the state of the union this year and last year? i heard the president say, now we re going to focus on jobs. do you shrug your shoulders and say, oh, now. now! we shouldn t laugh. it s tragic. it s actually tragic. it is tragic, but people are just just when you think washington can, can t get more ....

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Detailed text transcripts for TV channel - MSNBC - 20110802:20:08:00

Up in terms of the impact on future taxation that suggests that this deal sets the table to allow the bush tax cuts to expire in 2013, maybe through the vehicle you were just describing, and also because the trigger cuts are actually smaller than the budgetary cuts that you could allow the trigger cuts to go into place and allow the bush tax cuts to go into place, and use this as setup towards the path code towards tax reform. am i understanding that correctly? well, that s one theory. yes. and obama clearly will have the advantage, because the bush tax cuts are going to expire come january 1, 2013. and you would have to override his veto with a two-thirds vote. so that s unlikely. so he will be in the driver s seat with regard to new tax revenues, but my hope is that everybody realizing that and ....

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Detailed text transcripts for TV channel - MSNBC - 20110802:20:06:00

Politicians got some kind of a victory here but the american people did not? dylan, say that again. i couldn t hear you. sorry. do you agree with senator coburn s comment, it gave something for the politicians to go home to constituents to take cuts, a little something to the president allowing limb to kick the can to 2013 but ultimately it was a loser for the american people and a modest win for the politicians? may i characterize if how i d like to? yeah. my question, do you agree with that characterization and what is it? let me just say, if you gave your own foley oh reporter luke judge a hard time, i wonder what in the world you re going to do to me? i love you, senator. ing in i can say to you that you can t handle. what do you think? i think this was obviously the right thing to do. i mean, we were staring default in the face. you notice how the votes turned out. those that would be more of the ....

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