Detailed text transcripts for TV channel - MSNBC - 20111205:12:16:00
America spends more money on the defense budget than all other countries on the planet combined. we can squabble maybe it's 50%. but i just know the way washington works and you're starting to hear it now, barney, these defense triggers will be undercut by the white house and republicans. >> there are two things that i think make it somewhat different this time. there really is a pro-deficit reduction party. that's there. and people who are have for the first time -- pete peterson who has been very good -- i spoke to the council on foreign relations about a month ago, pete was there and he's f...
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