Detailed text transcripts for TV channel - MSNBC - 20120214:09:10:00
Tax cuts to expire, we have the other things hitting, the president in the comments said the key element of the budget is protecting the recovery, not doing anything that could be contractionary, if the bush tax cuts expire, if we have a debt ceiling problem, that would be a really big drag on the economy in 2013. enough possibly to derail the recovery, how do you play those against each other? that seems to me to be the other side of the republican leverage against the democrats. >> first i agree it would be far too large, we don't want that kind of fiscal austerity too soon. we want more sti...