Detailed text transcripts for TV channel - MSNBC - 20120213:17:01:00
Augustine budget, that is what the president is saying here, let's have deficit reduction and not have it right now. take a look at the specifics that are in this and you get a sense that it's a budget that envisions about a $1.3 trillion budget shortfall starting in 2012 and that goes to $901 billion by 2013 and the deficit will be at 3% of gdp. there's deficit cutting, about $1 trillion worth and $1.5 trillion from ending the tax cuts for the rich and the wars from afghan stan. and there's stimulus in here. some spending to jump start the
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