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Detailed text transcripts for TV channel - MSNBC - 20110708:22:10:00

Whatever. they are struggling to do essentials. we are already in trouble. they should have a special index for seniors because they have different purchasing patterns. if we go with this so-called chained cpi, it will stick it the most to those who can least afford it. that is seniors most dependent upon social security. they will see their cost of living adjustments go way again or see them be much smaller in the future. there a pretty good consensus in the democratic caucus today. we didn t go go there. social security didn t cause this problem. remember, social security didn t get a penny from the general fund. the only reason they got money from the general fund this year, is because of the obama tax holiday for social security. so we had to borrow the money to replace it. social security owns 30% of our debt. social security didn t cause this problem. we don t need to cut social security. why do we continue to have conversations, congressman, ....

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