Detailed text transcripts for TV channel - MSNBC - 20121212:09:38:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20121212:09:38:00

taxes. boehner is maybe 8 one billion. boehner was at 600 billion. but a major sticking point is not a number at all. a major sticking point is the debt ceiling you. might remember the debt ceiling, the dumb, anachronistic thing we have in which congress has to vote for the stuff that it has already bought. and if the vote doesn't go through, then america's economy goes boom. yeah. that one. that has become a huge problem in these negotiations. and for two reasons. first, a lot of republicans outside the negotiations on the hill, they have convinced themselves the debt court of appealing is their secret weapon. the way they see the negotiations going is this. mr. obama has leverage now because he really doesn't care if you go over the fiscal cliff or curb or slope, or whatever you want to call it. but in february we will hit the debt ceiling. and if we break through the debt ceiling we will unleash an economic hell on this nation. and no president would allow that, right?

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