Detailed text transcripts for TV channel - MSNBC - 20121129:19:05:00
Template for across the board reductions of long-term spending along with tax increases. that would obviously be ideal. right now we're talking about $2 trillion of spending decreases plus tax cuts, which even though running a trillion dollars of deficits a year, that's over a ten-year period. we're not talking a huge dent in the situation here. granted, any progress is probably better than no progress. but what we are talking about versus the ten-year horizon that we're facing, there is still a huge gap between washington in general and those economic realities. >> meanwhile, timothy geithner...
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