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Detailed text transcripts for TV channel - MSNBC - 20110713:17:24:00

Alternative to the united states honoring its obligations. that s the bottom line for the white house. that s true. this does raise the debt limit automatically in three increments. one right away, one at tp end of this year and then a a third time right before the election. mcconnell s strategy is more political on this. he wants democrats to have to vote for or against this three more times, but the way this mechanism works, it s kind of complicated. it would require 2/3 of congress to disapprove of raising the debt limit. that s gog not going to happen. they re not going to get a veto proof margin on this. mcconnell thinks to put the president and democrats on the record constantly voting for this before the next election. what game do the house democrats play now given that they ve been margin alzheimer sed by the action bag marginalized by the house caucus as well as what s happening in the senate? at this point the house ....

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