Detailed text transcripts for TV channel - MSNBC - 20121231:17:23:00
Two-thirds of the spending. >> 24% defense. health care spending, which is medicare, and health care for our veterans, and medicaid is 22%. education is only 4% of the budget, and it's the biggest thing. welfare doesn't even show up. it's in other. the question always for me is what is it that republicans want to cut, and isn't that the reason, and i'll go to jen on this, that they keep going at social security, which doesn't contribute to the deficit, but which is a big pot of money. >> the elections took over everything, and everything is debating until now, and they still can't get it done....