Detailed text transcripts for TV channel - MSNBC - 20121020:14:04:00
Flowers. according to the center on budget and policy priorities, the bush tax cuts and the wars in iraq and afghanistan will account for almost half of the $18 trillion in debt under current policies. the nation will owe by 2019. the stimulus measures and the financial rescue will account for less than 10% of the debt at that time. what about the tax plan and the budget bargains that mitt romney is trying to bargain you for? well, an analysis shows that if the tax base isn't broadened, romney's plan would cut taxes by $481 billion by 2015, which would mean a $4.9 trillion revenue loss over th...