Detailed text transcripts for TV channel - CNN - 20110216:12:29:00
And the oil subsidies. this is an area where america hemorrhages every day. >> so the republicans said cut nondefense spending, the democrats said raise taxes on the wealthy. there's a pattern there. add it all up and they save taxpayers $589 billion. here's the problem, most of that money comes from ending the bush tax cuts right away, which is obviously not going to happen. remember, t.j. and kiran, congress just extended those tax cuts in december. so this is tough stuff. everybody's going to have to give up something if anybody wants to get close to balancing this budget. >> yeah, that's a...
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