Detailed text transcripts for TV channel - MSNBC - 20120301:07:58:00
The reason we have not moved with a faster recovery he says. it's quite understandable. it's called arithmetic. if you want to cut the debt, you have to cut spending. big time. if you have to chop off government programs big time. what will he chop off? defense? are you kidding? he attacks obama for shrinking defense spending. chop off federal interest payments on the debt? can't do that it's called default. default is what we're afraid will happen in europe. what do you mean we can't pay what we owe? well, okay, eliminate social security and medicare benefits? can't do that. the government ow...