Detailed text transcripts for TV channel - MSNBC - 20130502:00:55:00
>> but the point being that two cents of every federal dollar was cut from our budget. we need to put the spending cuts in place. we borrow $3.8 billion every day to fund the federal government. it's up to the agencies to act appropriately. >> but some of those -- >> to put the cuts in place that are smart, not harm individuals. >> but the statutory language that the agencies have to deal with is the cuts have to be across the board. that was the language that was worked out between the president and the republican congress, which everybody jumped in the pool together. it seems to me the probl...