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Detailed text transcripts for TV channel - FOXNEWS - 20110729:21:29:00

Thewire, and it s not the tea party s fault. boehner could not sell it to his people after working out an agreement with the president. geithner deciding who gets paid and who doesn t, a process members have called prioritization, fought with perilous choices. members of congress last. i m saying it s not going to get that far, because what he will do, if he doesn t get it, he will declare under the 14th amendment, which is his right the only authority the president does have, i consulted with judge andrew napolitano, and he said the only thing the president can do is pay the bondholders. after he lists for who he wants second, third, fourth, he doesn t have the authority to do that. only the bond hold. yes, he does have the ....

President Obama , Tea Party , Doesn T , Is Boehner , Members Of Congress , Process Members , 14th Amendment , Andrew Napolitano , Bond Hold ,

Detailed text transcripts for TV channel - FOXNEWS - 20110729:21:29:00

His people after working out an agreement with the president. geithner deciding who gets paid and who doesn t, a process members have called prioritization, fought with perilous choices. members of congress last. i m saying it s not going to get that far, because what he will do, if he doesn t get it, he will declare under the 14th amendment, which is his right the only authority the president does have, i consulted with judge andrew napolitano, and he said the only thing the president can do is pay the bondholders. after he lists for who he wants second, third, fourth, he doesn t have the authority to do that. only the bond hold. yes, he does have the authority to do that. bob, you think we have problems, listen to this. ....

President Obama , Doesn T , Process Members , Members Of Congress , Andrew Napolitano , 14th Amendment , Dont Censor Bob S , Bond Hold ,

Detailed text transcripts for TV channel - MSNBC - 20110728:04:09:00

Wherever they need to go to get the type of leverage they think they need to get a balanced budget amendment. if you go there, though, we don t just get a downgrade, downgrade would be bad enough, we d get one if we passed the boehner plan. if we went into prioritization, we re going to suck $134 billion out of the economy in august. that s 10% of that one month s gdp. you don t get to do that without going into, essentially, an immediate recession. the numbers, when i hear you talk, stress me out. i can t quite conceptualize what a billion looks like, if i m sitting at my kitchen table and i m trying to figure out how i should feel about this, seriously, what is worse for us? ....

Balanced Budget Amendment , 134 Billion , 34 Billion , A Billion , Kitchen Table ,

Detailed text transcripts for TV channel - MSNBC - 20110728:04:10:00

. credit rating being downgraded the worst out come or is it worse for us to sign on to a debt ceiling plan being floated in congress right now? no, getting our credit downgraded, and i should say, according to s&p, we might still get a downgrade, just might not get a default. but to not have a deal is catastrophic. to have a deal will be bad, too. to put this into some perspective, if we do get a deal, both the reid and boehner plan cut $20-some billion next year. $120 billion in tax relief from working people. unemployment insurance is another $60 billion out from the most jobless americans, so you re dealing with about $200, $250 billion comes out of the economy in 2012 out of the u.s. alone. a lot of that is the people that need it the most. those aren t good plans, so it shows something about how bad an actual default or prioritization would be. ....

S P , Debt Ceiling Plan , Credit Rating , United States Congress , 20 Billion , 120 Billion , Jobless Americans , Unemployment Insurance , 0 Billion , 250 Billion , 60 Billion , 50 Billion , Arent Good Plans ,

Detailed text transcripts for TV channel - MSNBC - 20110728:08:09:00

Going past august 2, 8, 10, or wherever they need to go to get a balanced budget amendment. if you go there, though, we don t just get a downgrade, downgrade would be bad enough, we d get one if we passed the boehner plan. if we went into prioritization, we re going to suck $134 billion out of the economy in august. that s 10% of that one month s gdp. you don t get to do that without going into, essentially, an immediate recession. the numbers, when i hear you talk, stress me out. i can t quite conceptualize what a billion looks like, if i m trying to figure out how i should feel about this, seriously, what is worse for us? is the u.s. credit rating being downgraded the worst out come or is it worse for us to sign on to a debt ceiling plan being ....

Balanced Budget Amendment , August 2 , 134 Billion , 34 Billion , A Billion , Debt Ceiling Plan , Credit Rating ,