Talk Box: Tax-Cut Extension Would Lead to More Borrowing From China


MSNBC’s Chuck Todd reported that the framework deal President Obama seems to have reached with Republicans on extending the Bush tax cuts will result in a loss of revenue totaling nearly $450 billion in 2011, more than the cost of the 2009 stimulus, while Countdown guest host Sam Seder investigated the huge amounts the U.S. will have to borrow from countries like China, Russia, and the U.K. to pay for ten more years of the Bush tax cuts and how even Iran ranks among the top foreign owners of U.S. Treasury Securities. Watch our compilation to see what you missed.