Detailed text transcripts for TV channel - FOXNEWS - 20110108:00:16:00

difference from the cbo estimate. >> if they have to estimate what's put in front of them and that's this bill put in front of them with all these budget gimmicks and smoke and mirrors. >> that shep is, a key battleground in this state. >> shepard: they keep talking about budget deficits and smoke and mirrors. do we have examples on. this yeah. there are some examples. for instance, when they were originally looking on the bill it looked too expensive so democrats stripped out part of the bill. the one that would have prevented steep cuts in fees to doctors who treat medicare patients. but that was then passed separately, outside the health care bill, adding $200 billion to the deficit but making the law look -- look less expensive on paper. but not in reality. now, shep, late today, the cbo released some new numbers, saying that the health care bill, health care law would, in fact, reduce the deficit by $230 billion if you go out to 2021. but only because it raises taxes

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