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Detailed text transcripts for TV channel - MSNBC - 20140109:03:34:00

well, there were aspects of his diagnosis that i thought were pretty strong. he talked about the increase in inequality and he worried about immobility, the difficulty that folks at the bottom end of the income scale have getting higher up on that scale. and often times, republicans won t even engage on those issues. i think they ve kind of been pushed in that direction. so i was glad to hear him talk about that in his diagnosis. his prescriptions i felt were way off point and antithetical, really, to the goals he s articulating. by the way, this revenue neutral flex fund stuff, that s a block grant. that means that instead of the federal government being able to ramp up its response to recessions, as we just saw, and was so important, as you mentioned in your introduction, to holding down the poverty rate over the deepest recession since the great depression, that function, that countercyclical ....

Won T , Income Scale , Block Grant , Poverty Rate , Countercyclical Function , Great Depression ,

Detailed text transcripts for TV channel - MSNBC - 20140109:06:34:00

Folks at the bottom end of the income scale have getting higher up on that scale. and often times, republicans won t even engage on those issues. i think they ve kind of been pushed in that direction. so i was glad to hear him talk about that in his diagnosis. his prescriptions i felt were way off point and antithetical, really, to the goals he s articulating. by the way, this revenue neutral flex fund stuff, that s a block grant. that means that instead of the federal government being able to ramp up its response to recessions, as we just saw, and was so important, as you mentioned in your introduction, to holding down the poverty rate over the deepest recession since the great depression, that function, that countercyclical function would be gone in his revenue neutral flex funds. and the idea that you would take that safety net function out of the picture is a huge step backwards. ....

Won T , Income Scale , Block Grant , Poverty Rate , Flex Funds , Countercyclical Function , Safety Net Function , Great Depression ,