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Detailed text transcripts for TV channel - MSNBC - 20110216:12:44:00

Republicans address entitlements they ll be demagogued on the issue? no, joe, i think we have to see what they come up with, what s their plan with respect to entitlements. what the president did yesterday though was begin the conversation as the omb director said. his budget did include very tough decisions. we re talking about $400 billion of cuts in domestic discretionary spending, things like community development, block grants, home heating oil. you know those things have an impact. but what the president has said he will not do is take the more reckless approach we re seeing right now on the floor of the house where you have deep, immediate cuts, which by the way, the president s bipartisan commission deficit reduction recommended against in the very short term because it would hurt the economy and hurt jobs. the co-chair, erskine bowles said the president didn t go far enough. you bring up an interesting point we ve been discussing here. the president s willing to go ....

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