Detailed text transcripts for TV channel - MSNBC - 20121231:22:04:00
Stimulus. there's a lot there for people to be happy about. the trouble is there's a little bit too much for people to be unhappy about. you remember the sequester, this term we've been throwing around washington now for about a year and a half. it was the result of that debt budget deal, that ceiling rise in july of 2011. they said if there was no deal to significantly reduce government spending by this time, midnight tonight, then there would be this draconian and indiscriminate cut across the board, 50% of it, $500 billion over ten years in defense, $500 billion over ten years in other soci...