Detailed text transcripts for TV channel - FOXNEWS - 20120521:13:35:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20120521:13:35:00

they have a responsibility to pass a budget every year. and i think if they're not willing to pass a budget they shouldn't receive any pay. but people across the country know what they want. they want a healthy economy. and the obama economy is not a healthy economy. gregg: but senator, what about the cumulative decifit? we're looking at the u.s. national debt clock, ticking away right now. but the decifit is expected to exceed $10 trillion over the next ten years. and extending the tax cuts would add an estimated $3.7 trillion to that. so aren't you making the debt and decifit much worse? >> well, by raising taxes on all americans, you're actually hurting the economy. what we need is more people working. we need an opportunity economy, a growth economy, a healthy economy, ways to get people back to work. if we have more people working and paying taxes, that's the way for over all tax revenue to go up and to deal with this. but you're right, the decifit is awful, the

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