Detailed text transcripts for TV channel - MSNBC - 20110724:18:08:00
Understanding is this is speaker boehner's plan -- if they don't produce something in early -- at the end of -- pardon me, at the end of '11 or '12, then there's action that must take place. senator mcconnell has a plan where the president would come to the congress, give his list of cuts, they could vote approval or disapproval on that proposal in order to get the extension of the debt ceiling, but it would not be this sword being held over the american people's heads once again. >> but why should the american people have any more confidence in the political system's ability to make hard choi...