| 00:00:14 |
Unidentified Speaker, -
REPUBLICANS ARE REFUSING TO DO TAX INCREASES AND HAVE PASSED A MEASURE THAT WOULD AVOID THE FISCAL CLIFF AVOID
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| 00:02:09 |
Unidentified Speaker, -
THE SPENDING CUTS BY CUTTING SOCIAL PROGRAMS. >> THE CBO DIRECTOR DISCUSSED ALTERNATIVES. >> THEY DO CURRENT LAW WERE THEY LOOK AT LOT THAT WILL HAPPEN...
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| 00:02:24 |
Unidentified Speaker, -
THE SECOND IS CURRENT POLICY WHICH LOOKS AT WHAT IS DONE IN THE
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| 00:02:28 |
Unidentified Speaker, -
PAST. TYPICALLY, CONGRESS HAS EXTENDED THE BUSH-ERA TAX CUTS. THEY HAVE AVOIDED A SEVERE DROP IN MEDICARE PAYMENTS. THEY HAVE ALWAYS PATCHED THE ALTERNATIVE...
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| 00:03:31 |
Unidentified Speaker, -
THE CBO DOES NOT DECLARE RECESSIONS. THAT IS MORE OF AN EXECUTIVE BRANCH DECISION.
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| 00:03:42 |
Unidentified Speaker, -
SOMETIMES IT HAS TO BE TWO QUARTERS OF CONSECUTIVE NEGATIVE GROWTH. BASICALLY, HE IS SAYING IN THE PRESS CONFERENCE THAT THIS WILL BE A RECESSION THEME...
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| 00:04:13 |
Unidentified Speaker, -
HE IS LOOKING AT 8% UNEMPLOYMENT NEXT YEAR. REPUBLICANS ARE ALL OVER THE PRESIDENT TODAY SAYING HE IS TO BLAME FOR THIS. DEMOCRATS ARE FIRING BACK SAYING...
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| 00:04:35 |
Unidentified Speaker, -
NEXT
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.