Detailed text transcripts for TV channel - MSNBC - 20131229:18:41:00
Appreciate quickly again while paychecks remain relatively flat. that's what's fueling the disparity right now. >> okay. you also suggest that the two-year budget, which the president just signed, it rolls back some sequester cuts but not ones for low-income households. so where does it cut? >>. >> well, the cuts that it makes -- actually, what it does is it replaces some of the sequester cuts. it replaces, i believe, $65 billion in cuts that would otherwise have occurred in the budget on what we call the discretionary side of the budget. some of that is defense spending, but some of it are th...