Detailed text transcripts for TV channel - MSNBC - 20120421:11:56:00

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on the american citizens, because government's already spending $1.40 for every $1 of tax revenue it gets and it's shown it doesn't have the ability to discipline itself and it's mortgaging the future of our children and grandchildren, which is immoral. >> in the future what is the amount of timeç you think it wl take to get to a place where you would be comfortable with our national deficit and can you put a ballpark number on it? you said we don't have to get rid of it? >> no. we need to make meaningful progress in 2013, because we could have a debt crisis in the united states within the next two years if we don't. this presidential election, the general election, must deal in substantive ways with our financial challenge. we once talked about specifically what people are talking to do, what the proposed solutions are so no matter who wins the public has been prepared and there's a mandate to take action. >> david walker, thank you for your insights. that's a wrap of "weekends

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