Detailed text transcripts for TV channel - MSNBC - 20120623:16:21:00
Former u.s. controller junior and part of the comeback america initiative. first of all, you heard the president, a $4 trillion reduction, is that realistic and big enough dent? >> he's talking over a ten-year period of time and that's a problem because columbus proved a long time ago that the earth is not flat. we need to be looking longer than ten years. his particular plan relies too much on taxes. takes social security off the table and frankly it's not politically feasible in its present form. >> what does the u.s. look like if tax mageddon happens. >> that would be about a 15 to 20% incr...
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