Detailed text transcripts for TV channel - MSNBC - 20120318:

Detailed text transcripts for TV channel - MSNBC - 20120318:12:55:00

during the meetings of the deficit reduction super committee as it was called. >> just to be clear, if this committee were to adjourn today, and the congress were to adjourn for the next ten years and go away, we would actually achieve greater deficit reduction than if we went and took the advice and went big is that not right? in other words, we could get over $4 trillion over that ten-year period? more than the $4 trillion a lot of people talked about, right? >> yes. that's right. >> you write in the book at one point they had like an idea that got a little bit of momentum and didn't really end up going anywhere how to get rid of the bush tax cuts. bush tax kruts expiring at the end of the year. do you want to aabout that? >> yeah, absolutely. this meeting in november, 2009, the idea with the white house liaison to capitol hill -- >> very important guy. >> very important guy. >> very few people know about him. the idea was -- get rid of the upper income tax cuts right now. extend the middle income ones obama said he wants to extend

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