Detailed text transcripts for TV channel - MSNBC - 20140225:15:16:00
Bedrock program, and as you know, the white house previously proposed what effectively are cuts and changed cpi to social security. now you have backed off that completely, which sort of seems to respond to either the criticism or the muse of folks like elizabeth warren who said, if anything right now, we should be growing social security. does that reflect the fact from a negotiating perspective you guys were wrong to put out those cuts initially in the budgets of years past? >> let me quickly answer your first comment and i will get right to the question on the social security cost of living...