Detailed text transcripts for TV channel - MSNBC - 20110309:23:19:00
Hint, it has nothing to do with balancing the budget. first, the senate failed to pass two different budget bills today. the democratic bill slices spending from current levels by $4.7 billion. but that's on top of the $40 billion in cuts the obama administration agreed to before the negotiations even began. and the republican bill is a tea party pleaser. they cut spending by $61 billion. they both failed, of course. neither had a shot of passing. it was all political theatre. so we go back to the drawing board. a huge part of the problem, as we said over and over is that the republican cuts a...