Detailed text transcripts for TV channel - FOXNEWS - 2011070

Detailed text transcripts for TV channel - FOXNEWS - 20110707:15:20:00

current levels, so that supposed trillion dollars of savings is completely phony, as is the half a trillion dollars in interest savings that would come about as a result of this. the iraq and afghan war spending is not built into the baseline of the budget, the $45.9 trillion worth of spending that the government is now forecast over the next decade, we're not building into that baseline afghanistan and iraq at the current levels, so the president has phony savings like that but the tax increases he keeps talking about, some of them, the public ones, are ridiculous. six times during his news conference, he talked about a $3 billion tax -- >> jon: uh-oh we lost our feed from karl there, he is based in austin, texas these days and for whatever reason, maybe we didn't pay the satellite bills, but -- >> alisyn: probably it. jon: we lost our feed to karl rove. at any rate, if you want to read more about what karl thinks about the debt and decifit battle, log on to foxnews.com/opinion. he's got a piece for you

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