Detailed text transcripts for TV channel - MSNBC - 20110218:14:23:00
>> i think we achieve primary balance in this budget. >> this is a classic washington speak. primary balance it is a new buzz word on the hill these days. why? because that's claim that you're somehow balancing the budget of everything except, oh, interest payments, like maybe the interest from the national debt. well, anyway, if you learned anything from yesterday's speak of compound interest you know that is kind of big and hard to call it the primary balance. we maybe ought to call it secondary balance, 'cause it is not balanced at all. >> like saying balanced budget asterisk, excluding all...
Source: news source