Detailed text transcripts for TV channel - MSNBC - 20121219:12:14:00
Ironically was a democratic plan when they called on congress to go ahead and pass the fax extension so you didn't have a tax increase on 98% of americans. they're doing that. remember if we go down this plan b route, it gets messy. we sort out the tax thing up front. that's done. the spending cuts, the automatic spending cuts and sequestration goes into effect on january 1. that's kind of messy because they're very ham-hanlded and they're very across the board. then what the republicans would do would be to use the debt ceiling when it comes up in february or march to force the kind of spendi...