Detailed text transcripts for TV channel - MSNBC - 20120915:00:30:00
One understands what it means which is helpful for congress because that helps them keep anybody from knowing the awful, horrible thing they've done. let's call it what it is. the big dumb spending cuts that nobody wants. the basic story is that back in august, 2011, the united states almost defaulted on its debts. you may remember this. the reason the richest and most powerful country in the world has ever known almost became a deadbeat is that congressional republicans refused to cleanly raise the debt ceiling as congress controlled, had done some 70 times before. they refused to pass a debt...