Detailed text transcripts for TV channel - MSNBC - 20130301:19:13:00
1% of economic growth. the president is talking about all these dire consequences. you know, no one really knows. we know this is less than 2.5% of the federal -- of the federal budget. we know this is less than .6% of the overall u.s. economy. none of those are a huge figure. it is if you are in the military industrial industry. right? if you're lockheed martin and facing significant cuts, multi-billion dollar programs to cuts, this makes a difference. for the rest of us, it's a much less clear thing as to how this is going to affect because we are not talking in percentage terms such vast am...