Detailed text transcripts for TV channel - MSNBC - 20110713:04:07:00
President those checks will go out on august the 3rd? >> i cannot guarantee if we haven't resolved this issue, because there simply may not be the money to do it. >> president obama is correct in that explanation. no way to guarantee that social security checks would go out if we don't raise the debt ceiling, also military pay, disability checks, the rest of it. if you have two normal political parties in a negotiation, you use a prospect that dire, where president obama just explained on cbs today, you use something that dire. the basic understanding is that both sides are going to have to ag...