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Detailed text transcripts for TV channel - MSNBC - 20121016:01:21:00

Why not make the argument on the basis of what he s going to do to the debt rather than asserting whichever way you do it, you understand it doesn t add up. we have to make sure people understand he will not enumerate the loopholes he s going to close. he won t talk about the duh ductions and extensions. the most credible study, if you take all the deductions and all the exclusions for the upper end, for the very wealthy and take all those away and add in the great dynamic scoring, which you re talking about, the magical e lix sar if you cut taxes you ll have a skyrocketing great economy, ask yourself as an american voter, did that happen when we cut taxes in 2001 and 2003? the answer is no. months and months and months of negative job growth right after the 2001 tax cut. but when you start doing all of that, when you take away all those deductions, the math still ....

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Detailed text transcripts for TV channel - MSNBC - 20121016:14:37:00

Specific, he couldn t give them. is it mitt romney tonight need to lay out specifically how his plan would work, where the money would come from, where the cuts would be? he s actually laid out a lot of detail. what he said is we ll have a big across the board marginal tax cut, but only if it s accompanied by reductions in federal spending and reform of the tax code in a way that protects middle income taxpayers. it s a strong proposal very much in the bipartisan tradition but the math doesn t work, that you have to make cuts. and he hasn t said where he would be willing to make significant cuts. governor romney said we got to cut federal intending and he s proposed entitlement reform far greater level of detail than anybody ever has. he s proposed reductions in the discretionary budget. look, if this election goes off on barack obama has raised taxes on the middle class, he wants to raise taxes again, governor romney believes cutting taxes will create jobs and economic ....

Mitt Romney , Tax Cut , Tax Code , Math Doesnt Work , It Hasn T , Entitlement Reform , President Obama ,

Detailed text transcripts for TV channel - MSNBC - 20121016:04:19:00

Getting that math. people really think that the republicans will do better on this. what s the distance between what they are trying to do and what people believe about what they are trying to do? this is one of the things you mentioned the president mentioning this in the debate. this is something you ll hear the president mention tomorrow and it s something we have to talk about as a party and as the president s party every single day before this election. because you went through some of the math. you went through ed gillespie trying to go through the math. there s a tax cut that no study that actually looks at the real number can come up with a way to pay for it without raising taxes. on to that a trillion dollars in extending the bush tax cuts. that s how they want to start ....

Math Doesnt Work , President Obama , Dont Havea Role In Election , Tax Cut , Ed Gillespie , Raising Taxes , Bush Tax Cuts ,

Detailed text transcripts for TV channel - MSNBC - 20121016:04:18:00

i think that was quite an intro. i do think you make a series of great points. we forget that before barack obama ever walked into the oval office, president bush had spent a trillion dollars that year. they want to blame it s funny. you listen to them talk about it and you forget that that was all under their watch. and so many of the policies that we re trying to unwind right now, we ended the war in afghanistan. we had to put more troops in afghanistan, now we re in the process of bringing more troops home. the bush tax cuts a lot of things that we re having to continue to pay for that are really the result of horrible economic and policy decisions made four or eight years ago. why does mitt romney get credit for being the guy handling the deficit. i get the mathematical point the president was trying to make. no way to account for it. that s a ton of red ink. i get the math. nobody else in the country is ....

President Obama , Georgew Bush , Oval Office , War In Afghanistan , Budget Deficit , It Wont Work Under Mitt Romney , Bush Tax Cuts , Math Doesnt Work , Mathematical Point The President , Red Ink ,

Detailed text transcripts for TV channel - MSNBC - 20121016:04:07:00

Proposing would be a recipe for massive deficits. really there is no way you can do the things mr. romney says he s going to do without running up massive deficits. instead of making up memorable arguments that made him the more likable and effective of the two debaters president obama instead tried to prove that thing about the math. president obama tried to explain what s so wrong with thinking that mitt romney is a guy who should be taken seriously on the deficit. he was trying to explain that without a white board, sound track, without a way to make it into a story people would remember. he just listed these large numbers over and over again an assume people could get the punch line. and mitt romney instead of trying to rebut president obama point by point simply made the assertion that, well, never mind your numbers, i have six studies that back me up. i will not under any circumstances raise taxes on middle income families. ....

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