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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 , Jobless Americans , Unemployment Insurance , 120 Billion , 20 Billion , 250 Billion , 0 Billion , 50 Billion , 60 Billion , Arent Good Plans ,

Detailed text transcripts for TV channel - MSNBC - 20110722:06:18:00

there will not be enough cash it pay the bills and they will have to leave approximate live half of our nondebt related bills unpaid. we believe the debt, of course, will be paid. we don t think there will be a bond default but many, many benefit payment checks and all kinds of payment won t be made because there won t be enough cash. behind closed doors right now, some prioritization is presumably being done so there is a plan to know who gets paid and who doesn t get paid? that s an issue. everyone assumes the administration will pick the winners and losers. they may decide they don t have the authority to do that and will have the authority to decide what to do. in the dooms day scenario we have been told the first step is the u.s. credit would be downgraded. what does that mean? well, the rating put a rating ....

Won T , Behind Closed Doors , Bond Default , Benefit Payment Checks , It Doesn T ,

Detailed text transcripts for TV channel - MSNBC - 20110722:06:18:00

President george bush. here to talk about what that means is krista and jay pal, former undersecretary of the treasury mr. president george w. bush. mr. secretary, i tend to be a knuckle head. so dumb it down for me. what are the steps tro transpire if they can t hit a cord. there will not be enough cash it pay the bills and they will have to leave approximate live half of our nondebt related bills unpaid. we believe the debt, of course, will be paid. we don t think there will be a bond default but many, many benefit payment checks and all kinds of payment won t be made because there won t be enough cash. behind closed doors right now, some prioritization is presumably being done so there is a plan to know who gets paid and who doesn t get paid? that s an issue. everyone assumes the ....

Georgew Bush , Knuckle Head , Ajay Pal , Tro Transpire , Bond Default , It Doesn T , Won T , Behind Closed Doors , Benefit Payment Checks ,

Detailed text transcripts for TV channel - FOXNEWS - 20110721:15:21:00

Debt ceiling increase. that s really the bottom line, jon. and i think, and i d ask the speaker s waiting to do his press conference, he might contradict everything identify said, but i d ask him, let s bring a prioritization bill to the floor, let s pass anytime the senate, let s take this fear factor image off the table and do everything we can to pass a balanced budget amendments and ask the states to save congress from the problem we re unwilling to solve ourselves. jon: i m sure the speaker is watching happening now right now. congressman steve king, you just got the message to him, republican of iowa. thank you. jenna: we ll continue to watch the debt debate that s happening in washington. in the moon time, i know it s in the meantime, i know it s only summer, but are you ready for some football? the lockout might be nearing an end. i have a funny sense of déjà vu that we ve said that before. so we ll see. we have a live report from atlanta just ahead. plus, brand new pol ....

Jon Scott , Bottom Line , Press Conference , Debt Ceiling Increase , Fear Factor , Jenna Lee , In Washington , Debt Debate , Steve King , Poll Numbers , Brand New , DÃ JÃ Vu ,

Detailed text transcripts for TV channel - MSNBC - 20110721:23:18:00

Mr. secretary, i tend to be a knuckle head. so dumb it down for me. what are the steps tro transpire if they can t hit a cord. there will not be enough cash it pay the bills and they will have to leave approximate live half of our nondebt related bills unpaid. we believe the debt, of course, will be paid. we don t think the will be a bond default but many, many benefit payment checks and all kinds of payment won t be made because there won t be enough cash. behind closed doors right now, some prioritization is presumably being done so there is a plan to know who gets paid and who doesn t get paid? that s an issue. everyone assumes the administration will pick the winners and losers. they may decide they don t have the authority to do that and will have the authority to decide what to do. in the dooms day scenario we ....

Knuckle Head , Tro Transpire , Bond Default , Benefit Payment Checks , It Doesn T , Won T , Behind Closed Doors ,