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Detailed text transcripts for TV channel - MSNBC - 20110720:15:01:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110720:15:01:00

There's going to be a capitol hill two-step if you will, congressional two-step. what does that mean? look, a lot of folks find the gang of six talks interesting. a lot think there's a lot to work with there. however, in the time left, by august 2nd it's not enough to do everything that is in the gang of six plan. essentially there's got to be mitty markups, there's massive tax reform, entitlement reform, all types of things that take legislative time. what you're probably going to say is possibly white house meetings and some sort of combination of, all right, we're going to do a variation of...

Detailed text transcripts for TV channel - MSNBC - 20110720:15:01:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110720:15:01:00

Of six plan. essentially there's got to be mitty markups, there's massive tax reform, entitlement reform, all types of things that take legislative time. what you're probably going to say is possibly white house meetings and some sort of combination of, all right, we're going to do a variation of this mcdonnell-reid plan that's been in the senate that will extend the debt ceiling up to $1.5 trillion in cuts and extend it $2 trillion dollars. however, it would be tied to any additional extension perhaps by december, perhaps my next year would only happen if some of the ideas of the gang of six ...