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Detailed text transcripts for TV channel - MSNBC - 20110728:18:05:00

Leadership. if they can get this through the house, then as he says the burden falls on harry reid to deliver and prevent default, so we will see a shift in power here on capitol hill, and back to the senate. thank you, kelly o donnell. joining me now is chris matthews host of msnbc s hardball. and as this is unfolding are we seeing another red herring play out and ultimately distracting us from the deal to be done? no, we are seeing the beginning to the end, because the festivities are over. and this afternoon 5:00 to 6:00, the beginning of the end. a house bill formally reject and bipartisan compromise back to the senate with 60 votes, and that goes to conference in the house, and no taxes in it, because the republicans won t allow it, and no balanced budget amendment procedure and the democrats won t allow it, and the only level of spending cuts are what has to be raised to get ....

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Detailed text transcripts for TV channel - MSNBC - 20110728:12:10:00

Actually has a panel i guess of six, three republicans, three democrats, and then they go at it. that s what both the boehner plan and my concern with the boehner plan is, not because of the politics around it, but the rating agencies have said you do a short-term extension you re going get a debt downgrade. that is the equivalent of tax increase for every american across the country. a new commission, i hope they do great work. i can tell you this much, it takes a long time for people of different ideological views, tom coburn and dick durbin hours in a room to put in the enforcement mechanisms and cuts you need. we have something out there, a third of the senate that signed on. show me anything else in this town at least that s even close. mike barnicle. senator, let me ask you a question. most people i encounter during the course of an ordinary day think the work of the senate, work of the house with regard to this is preposterous. they can t think of another business they re ....

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Detailed text transcripts for TV channel - MSNBC - 20110728:12:06:00

What the debt ceiling is. earlier in the year he was saying hey, don t worry about it, you don t have to raise it. now he realizes it would hurt have virginia badly if we went into default. virginia would go into default pretty much immediately thereaft thereafter. our aaa, as a matter of fact when i was governor i had a two to one republican majority, even though grover didn t like this, we actually forged a plan that raised revenues, cut spending, support of a third of our republican house, half of our republican senate and what happened when we did that we got named the best managed state in the country, kept our aaa bond rating and best state in the country for business. putting a reasonable plan in place, getting your balance sheet in order is something i think most businesses would agree ought to be our top priority. dave walker. thank you for all the work you ve done in conjunction with the g6. i prefer that rather than gang of 6. the key is this, realistically you re not ....

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Detailed text transcripts for TV channel - MSNBC - 20110728:12:07:00

Make all the tough choices with regard to budget controls, tax reforms, defense cuts, social security, medicare, when realistically is that going to be able to happen? after the 2012 election? what are your thoughts on that. none of this gets any easier after the 2012 election. we keep clicking on $4 billion a day to our national debt every day we punt. if out of this august 2nd, you know, debate is going to come a new commission that s going to report back at the end of the year, that all we re saying with only again bipartisan group in washington at this point that really addresses the problem, when that commission reports let us have a vote as well on this plan, this building upon the simpson/bowles plan, so-called g 6, whatever else you want to call it, hopefully a gang of 50 at that point or 60, in the senate, and let us have an up and down vote on that. if we don t get the votes so be it. at least the american people will see a real choice that puts ....

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Detailed text transcripts for TV channel - MSNBC - 20110728:18:09:00

Situation. if we are getting less k4r5i78s for unemployment benefits for the first time in three months, that is very good news. if that orders f s fos for a gor and fall, and unemployment is down, he will be re-elected and if not, he won t. it is all about unemployment. that is what it is, and the name of the game and getting the country back the something that really feels like a jobs recovery, and all of this will be forgotten if that happens. and if it doesn t happen, all of this will be part of the blame that is attached to the president unfortunately. i was going the say, in the short term, does anybody come out smelling like a rose, or is everybody dirty in this? well, boehner looks like he is trying to do something and mitch mcconnell is looking good and the president is looking good and the tea party people have done their worst. if this is the end of it, they won t be destroyed by it, and if they bring down the credit rating of the united states, they will be badly hurt, ....

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