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Detailed text transcripts for TV channel - MSNBC - 20121127:04:07:00

A deal and make the republicans happy. are you willing to give up medicare and medicaid, big cuts to make sure that the wealthiest can get away with the tax rates that they want? this, i ll tell you what, they just don t rest, do they? get your cell phones out. tonight s question, will democrats stand up for the middle class in fiscal cliff negotiations? text a for yes, b for no to 622639. go do our blog at ed.msnbc.com. joining me tonight, congressman peter defazio of oregon. great to have you with us. how alarming do you think david plouffe s comments are? very concerned, ed. it s like the election didn t happen. it s kind of back to where the president was negotiating with the republicans when they had a stronger hand and threatening the full faith and credit of the united states of america and economic collapse. he won big about talking about taxing the upper income people. ....

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Detailed text transcripts for TV channel - MSNBC - 20121127:04:22:00

Experts what we ought to do with entitlement programs in this country. i find that amazing. then mr. blankfein, he throws out a scenario which is totally unrealistic. people don t have 25-year careers. they have 40-year careers is what they have. and construction people when they get in their early 50s and they ve worked for 30 years, their bodies are broken down. exactly. what are they supposed to do? hang around for another 15 till medicare and medicaid show up? they re not even living in the real world. going after entitlements is basically paying lip service to the right wing. it s just romney 2.0. that s all it is. so what should liberals in this country be prepared to accept at this point as you see it? well, i really think that we should go back to the clinton rates, including the rates on capital gains which are still probably lower than they should be, and that s where we ought to start. if people want to talk about tax reform, let them do it after ....

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Detailed text transcripts for TV channel - MSNBC - 20121127:04:18:00

The average worker receives is social security benefits for 16 years, not 30 years. right now, social security has a $2.27 trillion surplus, and will be solvent through 2033 even if no changes are made. social security has nothing to doing with our deficit and debt problems in this country. it s a separate fund. the ceo of goldman sachs didn t seem to have a problem with $10 billion in federal bailouts, his company got back in 2008. goldman sachs repaid the money and has made billions of dollars in profits since then. but it s ceos, they want to cut retirement benefits to the middle class americans. they want them to pay for if it. here s honeywell ceo david could they suggesting something very similar. the big nut has to be medicare, medicaid. at the end of the day, you can t avoid the topic. especially with the baby boomer generation retiring. it s gog literally crush the ....

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Detailed text transcripts for TV channel - MSNBC - 20121127:04:12:00

Those that need bolstering. one thing it, no one s talking about within-third of the deficit is due to high unemployment. we should be talking about investment that will put americans back to work and that takes care of a third of the deficit. if you re talking about a grand bargain, okay, revenues putting people back to work and then we ll talking about cuts. that s a profound point. all of a sudden we re supposed to go into this grand bargain of medicare and medicaid because we went through recession and the tax base was low because there was a lot of people unemployed for months on end and we had to invest in the economy to where we ve got it right now and moving forward? i think there s some fundamentals here that are in place that the republicans just seem to push right aside and say you got to go to entitlements. if we go to entitlements, if this country goes to entitlements and makes major changes, it will be as if they won the election and the democrats didn t congressman, ap ....

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Detailed text transcripts for TV channel - MSNBC - 20121127:04:05:00

so get out the gun and hold it to our head, right? both democrat and republican w lawmakers are giving the impression that a deal can be reached as long as there are cuts near and dear to a lot of americans, medicare and medicaid. david plouffe s comments give credence to that idea. progressive lawmakers are thinking i thought we had the election. bernie sanders from vermont has spoken about the need to protect programs for the middle class. he released this statement to the ed show tonight what david plouffe has state concerns me deeply despite his assertions the american people have been clear both through their votes in the election and in poll after poll after poll at a time when the middle class is disappearing and the number of people living in poverty is at an all-time high. the american people have demanded there be no cuts to the social security, medicare ....

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