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Detailed text transcripts for TV channel - MSNBC - 20121127:22:16:00

believe that just taxing the rich is going to solve our problems. i really go back to simpson/bowl simpson/bowles. i think they had it right. put everything on the table, repeat, everything on the table. >> one of my heroes there. welcome back. that was senator dick durbin of illinois who voted for the simpson/bowles plan and today he served on the commission and voted for the proposal. i'll say it again and again even though it includes significant entitlement cuts and he as a democrat doesn't like that. the up coming december 31st deadline has been called anything from that fiscal cliff to that fiscal slope. liberals are saying to that austerity bomb that progressive people don't like at paul. former senator allen simpson proposed a plan to get the united states financial house in order that some say was our best shot at solvency. senator simpson, it's always an honor. politics, i know you understand the irony of politics, it makes strange bedfellows. i want to try something by you. the president wants a deal. the president would obviously like to include something on revenues.

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