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Detailed text transcripts for TV channel - MSNBC - 20121016:01:12:00

Do. he s proposing adding $2 trillion extra in spending just on the military and he s proposing bringing in $5 trillion fewer in revenue in order to pay for that. barack obama is right. the math does not work. the math might be boring, but the math doesn t work. if you re living paycheck to paycheck right now and you decide your going to quit your job and buy a new car at the same time. so you have less money coming in and lots more money going out. what does that make you? it makes you psyched because you got a new car and you don t have to work. but a decision like this, less money coming out and lots more money coming out. a decision like that puts you in deep, deep, deep debt. if you do that at the national level, you are a lot of things but you are not good on the deficit. except apparently people think that you re great on the deficit. and that distance in perception, ....

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Detailed text transcripts for TV channel - MSNBC - 20121016:01:08:00

Middle income families. i will lower taxes. you cite a study, there s six other studies that say yours is completely wrong. i have six studies that say i m great on the deficit issue. no worries. all the giant numbers stuff doesn t make any sense to me either. look. here s a small number. i have six studies that say i m fine. those six studies for the record are not actually studies. two are blog posts by a conservative think tank. one is a report by a think tank. and the others are a blog post and a wall street journal op-ed by a mitt romney adviser. calling those things studies is like calling me the homecoming queen. it s very flattering, but come on. the romney campaign has been trying to wish away the math with this six studies magical incantation. they have been trying to use this six studies thing for so ....

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Detailed text transcripts for TV channel - MSNBC - 20121016:01:06:00

Handling a major crisis, obama by 12. medicare, obama by 15. the only issue where the president loses is this one. the issue of dealing with the deficit where it s mitt romney holding a 3-point lead over president obama. the president leading on every other issue. it s because of the ning that lost president obama the first presidential debate two weeks ago which was him trying to explain how mitt romney can t be trusted on the deficit by trying to do the math for everyone live on tv. saying something that sounded in translation like you have a large number with a trillion in it and some smaller trillions that when you add them up you subtract and get a number that s positive. do you follow me? president obama during that first debate was trying to do the math over and over and over again as a way of explaining ....

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Detailed text transcripts for TV channel - MSNBC - 20121016:08:19:00

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 their deficit reduction conversation. this is all a big ruse. it s never worked. it didn t work under george bush. it won t work under mitt romney. we have to do something different. the president s plan to cut $4 trillion over ten years in a balanced way, yet still have enough money to make the needed investments in things like education and infrastructure ....

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Detailed text transcripts for TV channel - MSNBC - 20121016:01:19:00

I get the mathematical point the president was trying to make. no way to account for it. that s a tonover red ink. i get the math. nobody else in the country is 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 their deficit reduction conversation. ....

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