Detailed text transcripts for TV channel - MSNBC - 20121231:18:49:00
We're iffing to solve this problem instead in several steps. last year in 2011 we started reducing the deficit through $1 trillion in spending cuts. the 2k50e8 we're working on right now would have americans pay -- so that would add additional hundreds of billions of dollars to deficit reduction. that's progress, but we're going to do need to do more. keep in mind, just last month republicans and congress said they would never agree to raise tax rates on the wealthiest americans. obviously, the agreement that's currently being discussed would raise those rates and raise them permanently. >> bu...
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