Detailed text transcripts for TV channel - MSNBC - 20131018:01:48:00
Instrument. it doesn't make any sense. and there's a section in the federal budget that's known as the appropriate level of the public debt. and once the debt -- the budgets are agreed on by both houses and ready to go, that figure goes in. that is the debt limit, in my view. we could use that, is whatever that budget says needs to be spent, for that year. you know, we do the budget a year ahead for the following year. that should be the debt limit. and when we vote for the budget, it should take care of it. now, i know the gephardt rule certainly was a great improvement over what we had been ...
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