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Detailed text transcripts for TV channel - MSNBC - 20140109:03:35:00

Function would be gone in his revenue neutral flex funds. and the idea that you would take that safety net function out of the picture is a huge step backwards. let s talk more generally about the federal government s affect on poverty in this country. the social security act of 1935 was, in fact, an anti-poverty program. at that time, the elderly were the most impoverished in our society. and that problem was pretty effectively dealt with through social security. and then the combination of the 1960s with medicare and both of those programs, social security and medicare expanded after they were introduced. we were adding elements to those programs to make that safety net even stronger. and both of those programs are always ignored when we talk about federal government intervention in poverty. absolutely. i mean, anyone who wants to use the reagan quip and certainly paul ryan, rubio, they all like ....

Flex Funds , Safety Net Function , Social Security Act Of 1935 , Social Security , Safety Net , Marco Rubio , Paul Ryan ,

Detailed text transcripts for TV channel - MSNBC - 20140109:06:34:00

Folks at the bottom end of the income scale have getting higher up on that scale. and often times, republicans won t even engage on those issues. i think they ve kind of been pushed in that direction. so i was glad to hear him talk about that in his diagnosis. his prescriptions i felt were way off point and antithetical, really, to the goals he s articulating. by the way, this revenue neutral flex fund stuff, that s a block grant. that means that instead of the federal government being able to ramp up its response to recessions, as we just saw, and was so important, as you mentioned in your introduction, to holding down the poverty rate over the deepest recession since the great depression, that function, that countercyclical function would be gone in his revenue neutral flex funds. and the idea that you would take that safety net function out of the picture is a huge step backwards. ....

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