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Detailed text transcripts for TV channel - MSNBC - 20130304:18:13:00

in, we're spending 6.2% more than we were spending in 2008, and, chuck, people are just saying, wait a minute, you got to deal with the debt. here's a great example of that. he said, look, you're cutting 2%. he said when you are borrowing, 35 cents to 40 cents on the dollar, you have a 35% cut that you need to be addressing, and i think a lot of individuals across this country share that sentiment. if this is just scratching the surface -- >> let's remember, it's not a 2% cut. you exempted so much from sequester that it's -- the impact and what is cut is more than 2%. >> right, but, see, what his point is that you have a big delta that you are yet to hit in order to start to bring this budget into balance, and that is why our budget committee will bring out a budget this month that will balance in ten years, and people are saying now is the time to start to have these

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