Detailed text transcripts for TV channel - MSNBC - 20121231:12:47:00
They decided they were going to extend the bush tax cuts for two more years, extend unemployment benefits. they had no offsets, they had no cuts. so in the same week simpson-bowles came out talking about saving $4 trillion, $5 trillion over the next decade, you had congress coming back in a lame-duck session, adding an additional $1 trillion in a week. >> absolutely. and both sides went along with it. >> all right. dr. sachs, thanks. you all right there? joe, thank you. go back to work. i'm sorry to interrupt the project there. >> actually, i've got to go out and talk to my people. >> clutchin...