Detailed text transcripts for TV channel - MSNBC - 20121209:

Detailed text transcripts for TV channel - MSNBC - 20121209:20:03:00

cards and that way we can live to cut another day and cutting spending. >> here's bob corker the republican from tennessee. >> a lot of people are putting forth a theory and i actually think it has merit. where you go ahead and give the president the 2% increase that he's talking about. the rate increase on the top 2%. and all of a sudden the shift goes back to entitlements. >> and so corker went on to say, the debt is growing, congress is going to have to vote early next year. perhaps in february to raise that debt ceiling that we heard so much about a year and a half ago. and corker says then republicans are going to have the upper hand in leverage. and on it goes, the president has shot that down, saying quote i'm not going to play that game any more. we've got to break that habit before it starts. the clock ticks, the cliff looms. >> vic from the lawn of the white house, thank you good sir, do proesht that. with good sides seemingly at

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