Detailed text transcripts for TV channel - MSNBC - 20111101:14:30:00
Allan simpson and erskine bowles. earlier they told congress they must act. >> what's right for this country is to solve this long-term fiscal problem. we face the most predictable economic crisis in history. the fiscal path we're on is not sustainable. they know it, and they've got to stand up to it. we've simply made promises we can't deliver on. >> nbc's capitol hill correspondent luke russert joins us from washington. luke, good morning to you. what's the point of today's hearing? >> good morning, chris. the point of today's hearing before the supercommittee really is to hear this message ...