Detailed text transcripts for TV channel - MSNBC - 20130104:00:05:00
As the economy and the population gets larger, we're going to, by definition, spend more. i was arguing with someone today, i was pointing out that in order to stabilize the debt, we need $1.2 trillion over the next ten years. that's just the way the math works out given these recent deals. they're saying one trillion, that's a big number. it's a half of percent of the the gdp over the next year. >> bob schrumm, let ee's talk at the politics of this. if the house republicans are in this, then i'm here to argue that surely their constituents are not. i take telephone calls from them each and ev...