Detailed text transcripts for TV channel - CNN - 20110220:20:16:00
Of the problem, because inflation would reduce the burden of the $14.2 trillion in debt. but our problem are the tens of billions of off balance sheet obligations that not only grow faster than inflation, they grow faster than the economy when the economy grows. we need to do what it takes to get unemployment down. to make targeted investments for the future. to get economic growth. and starting in 2013, no later than 2014. start putting in place some of these reforms, phased in over time, entitlements, taxes, you know, more defense and other cuts. it is possible to do both. and the president ...