Detailed text transcripts for TV channel - MSNBC - 20110805:

Detailed text transcripts for TV channel - MSNBC - 20110805:12:04:00

debt reduction package that in the end doesn't do a whole lot. and doesn't do anything for the economy now. it seems like we need to refocus and in a hurry. >> you know, yeugene has a grea column in the "washington post." >> let's move on to our bigger economic problems. i did nothing and now i'm waiting for the bush tax cuts to expire at the end of next year. if we let income tax rates go to what they were, a debt problem that now may seem overwhelming suddenly looks quite manageable. a little growth, a little tinkering with entitlements and we're set for another quarter century or so. problem solved. now let's do something that might actually benefit the country. >> what we were saying last

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