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Detailed text transcripts for TV channel - MSNBC - 20110719:00:26:00

Security and medicare, but you can t do that to the federal budget without affecting social security. for sure. their budget cuts are so severe that the only way you could hit their targets and not hit social security and medicare hard would be, you know, you basically are dismantling things from protecting the food supply to protecting the borders to, you know, running veterans hospitals, air tffic control, and the like. moreover, lawrence, as you know, we do have a long-term fiscal shortfall in social security that we need to close and we need to do it through kind of a mix of revenue and benefit changes. under their proposal, you d have to do 100% of the social security solvency through benefit cuts because you wouldn t be allowed effectively to do any tax measures. bob greensteigreenstein, tha very much for joining me tonight. my pleasure. still to come, a dramatic ....

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