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Detailed text transcripts for TV channel - MSNBC - 20110613:17:17:00

ruth is my friend and i understand shi wasn t a big fan. not at all. she said this is the very definition of fiscal insanity. trillions of dollars in additional tax cuts are the last thing the country needs. not just insanity, on fairness as well. million dollar earnings would get 38.6% of the benefit of the tax change. it s a proposal for a macro economic strategy. it s not a budget submission. talk about what it might do to the deficit is a little bit offset. it doesn t take into account spending reductions. that is a difference from the days when i was a supply ciders up there and we just cut taxes. we didn t talk about cutting spending. governor pawlenty has specific proposals for cutting spending and is dedicated to fiscal responsibility. he is pointing out we have a problem with growth in this economy. $800 billion of stimulus and quantityive easing by the fed it s left the listless economy unemployment and underemployment ....

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