Detailed text transcripts for TV channel - FOXNEWS - 20120505:20:32:00
What do you say to that? >> i was fortunate i guess to be part of good fiscal discipline. and came in 2006, 2007, budget i proposed was a balanced budget, can you believe that. a five-year balanced budget. it was hard to put together. it's hard but that is what we ought to be doing in congress. one over time that balances. so the year that i was there, 2007, the deficit was about one-eighth of it was today. it was $161 billion. i would love to have those times again. unemployment was 4.5%. i did leave to go home prior to the financial crisis, that is when frankly revenues went down. spending w...