Cheney: Powell welcome in GOP

The Page seems to have early transcripts of Cheney’s interview with CNBC.

The former Veep sought to cool down his dispute with Colin Powell, saying the former Sec. State was welcome in the GOP.

On whether the Bush administration originated the control over private businesses that conservatives now lament:

“No I don’t believe we did. I don’t recall any debate within the administration — there may have been some over in Treasury or some place — that focused on the extent to which government would try to control these institutions once they provided financing for them.”

On Obama’s budget:

“I think the budgets he submitted are way out of whack. I think what it does not only to the short term deficit but long term debt situation is very objectionable. I think the notion that we’re going to get up to a point where the debt-equity ratio for the country is going to be what 50%, 60%, I’ve seen even 80% at the end of a 10 year period of time.”

Cheney added that he’s concerned the United States may lose it’s AAA credit rating. Stay tuned for a full transcript (and presumably a video)….

UPDATE: Here’s the video: