Detailed text transcripts for TV channel - MSNBC - 20110801:

Detailed text transcripts for TV channel - MSNBC - 20110801:21:43:00

>> we would have $200 billion to allocate amongst various demands that the government has. all we're saying is that the government la to balance its bmp and make the touch decisions just like families do. >> i know, but -- >> you can't go out and borrow new money as a family. you have to make tough decisions. >> you're not answering my question. if you have adue. you don't say i'll pay a portion of it. if it's due, it's due. you can't cut out other parts of your bill. people ge to the mail today. they come home from work and the mail's sitting in front of them. in the mail for most people, matt, you included, me included, there are bills. you say, take out the bills you want to pay and don't pay the other. you say the federal government should appropriate like that, that would be a joke. we would not be able to get credit. >> i'm not saying that. >> you are saying that. you said just pay the interests. don't pay the bills. you think that's credible for the world? you they wouldn't be default?

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