Detailed text transcripts for TV channel - MSNBC - 20110729:22:04:00
That you're right, this is his third cut at this. now he wants first senate cuts. $917 billion. second cuts, 1.8 trillion wp would a balanced budget amendment second that limit vote around christmas. now, get this, you have to have a balanced budget amend many passed by both houses and rat nie the states before gu to second debt cut. is that your understanding of his proposal? >> the understanding is that a balanced budget amendment would have to pass, be pulled out of the house and senate and good to the states to ultimately be ratified in the constitution. >> that's before we can get the sec...