Detailed text transcripts for TV channel - MSNBC - 20131107:21:20:00
Deficit reduction. including the current sequestration cuts, we will have cut $4 trillion, that's trillion with a "t," through 2023. what's more, only about $1 in $5, 20% of savings, have come from revenue increases. everything else spending cuts. and i suppose, you know, mr. ryan will only be happy when that first number is zero in five, is that right? >> well, look, you're absolutely right, martin. if you look at the progress waef made over the last several years on deficit reduction. it's overwhelmingly come from cuts that will be made in the next ten years. cuts that are already in place. ...
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