Detailed text transcripts for TV channel - CNN - 20110105:01

Detailed text transcripts for TV channel - CNN - 20110105:01:36:00

these are the social compact with american citizens so i think the republicans are misjudging what the american people are seeking. i do think there's a fear of the debt which has been hyped by establishment media. if i think jobs and the economy are on the minds of most americans right now. not a debt or the deficit. i think the investment deficit is the one that people would care about if it was presented in a way but the republicans don't have a mandate for what they see. >> the people do not want an expanding, ever-expanding government that spends incessantly. >> that's true. >> how do you reconcile those two opposing needs? >> there's growth budget. most industrialized countries have an operating and an investment budget. i think we are at a point for a strong recovery, we need demand in the system. that's not left/right, that's common sense. >> you make an excellent point. the answer is to be honest with

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