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Detailed text transcripts for TV channel - MSNBC - 20110719:07:20:00

Reports now indicate that congress is considering only two plans to raise the debt ceiling this week. one, a hopeless stunt that everyone knows is hopeless, the other, a last resort plan in which each side can claim some sort of victory. today, the president issued a rare obama veto threat against the stunt house republicans are calling the cut, cap, and balance act of 2011. it would cut fiscal 2012 spending by $111 billion, cap future federal spending at a fixed percentage of gdp, require congress to pass a balanced budget amendment and send that amendment to the states for ratification before granting the president authority to raise the debt ceiling to $2.4 trillion. the balanced budget amendment would also include a provision that any tax increase, any tax ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110719:00:07:00

Add into it a requirement that there be a constitutional amendment passed by both houses and sent to the state for ratification before the debt limit increase goes up. i m not sure that can pass the house. even if it can, there is no way it goes through the senate. it s clearly not going anywhere. it s north going to be looked upon by the media, which are not on the republican side anyway, and probably therefore not by the public as any kind of a responsible proposal at this point. bill: do you really think the media has that much power to shape public perception in this debated? you are right, the media in general is on president obama s side. oh, yeah. look, i have lived through this 16 years ago and it was strikingly similar. now, the media, the mainstream media are not nearly as powerful as they were then. they remain powerful none the less. i see everywhere references to how there is a possibility that the government will default on its debt obligations if the debt ceiling isn ....

Way To Go Alice , Debt Limit Increase , Theo Reilly Factor , President Obama , Debt Ceiling Isn T , Debt Obligations ,

Detailed text transcripts for TV channel - MSNBC - 20110719:03:20:00

Raise the debt ceiling this week. one, a hopeless stunt that everyone knows is hopeless. the other is a last resort plan in which each side claims some sort of victory. today the president issued a rare obama veto threat against the stunt. house republicansle call it the kupt, cap and balance act of 2011. it would cus spending by $111 billion, cap future federal spends at a fixed percentage of gdp, require congress to pass a balanced budget amendment and send that amendment to the states for ratification before granting the president authority to raise the debt ceiling to $2.4 trillion. the balanced budget amendment would also include a provision that any tax increase, any tax increase must pass both chambers of congress with a two thirds ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110719:03:06:00

The republicans are booth it as far as p.r. is concerned is the intransjent, the unwillingness to compromise from the tea party elements. that s really the republican party at this point, correct? certainly john boehner and the house leaders who are involved in these negotiations would have a stronger hand if they knew that they could do something like, for example, what marco rubio proposed that you just showed, which is to take a debt ceiling increase, combine it with a large package of meaningful spending cuts, pass it through the house and senate over to the senate. you look at what the republicans are going to do this week. they are going to do something they think they might be able to get a majority for. it s pie in the sky. it s cut spending, cap percentage g.d.p. smaller than it is now. add into it a requirement that there be a constitutional amendment passed by both houses and sent to the state for ratification before the debt limit increase goes up. i m not sure that can p ....

Republicans Weren T , Tea Party , John Boehner , Marco Rubio , Debt Ceiling Increase , Spending Cuts , Cut Spending , Cap Percentage , Pie In The Sky , Way To Go Alice , Debt Limit Increase ,

Detailed text transcripts for TV channel - MSNBC - 20110719:07:20:00

Which each side can claim some sort of victory. today, the president issued a rare obama veto threat against the stunt house republicans are calling the cut, cap, and balance act of 2011. it would cut fiscal 2012 spending by $111 billion, cap future federal spending at a fixed percentage of gdp, require congress to pass a balanced budget amendment and send that amendment to the states for ratification before granting the president authority to raise the debt ceiling to $2.4 trillion. the balanced budget amendment would also include a provision that any tax increase, any tax increase, must pass both chambers of congress with a two-thirds super majority, rendering tax increases virtually impossible. house republicans will vote on ....

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