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Detailed text transcripts for TV channel - FOXNEWS - 20110104:12:17:00

pelosi said we have to pass this bill in order to know what's in it. now that we know what's in, it we need to repeal it. >> which part do you like the least, sir? >> well, i think that when you look -- we have 16,000 new i.r. s. agents, 11 new taxes. $500 billion cuts for medicare. no one can explain to me why we have a government takeover of college education loans as part of the health care law so i think, you know, you've got probably five to 10 pages that are worth keeping. but the other 2,490 need to go. >> let me ask you about this debt ceiling proposal. it's come up in the last couple of days. we talked earlier about how the president just a few years ago seemed to be against raising debt ceiling and now his own advisor was out in the last couple of days saying it will be catastrophic if we don't raise it. where do you fall on this? >> i would have to agree with what president obama said in 2006. most important thing we have to do, if we don't input some type

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Detailed text transcripts for TV channel - FOXNEWS - 20110104:12:08:00

and more debt. as we keep spending more of the money than we're taking in. that bothers people like americans and it also really bothers republicans and tea parties specifically. senator jim demint essentially can't wait for the showdown with the president on raising the debt limit. he wants to start -- stop spending now as does michelle bachmann but the president of the united states as led by his national economics advisor said you cannot refuse to raise the debt limit, it will bring the whole country to a screeching halt. that wasn't the way president obama felt when he was candidate obama and the debt limit was very affordable. >> you're right. >> $800 billion. >> right. in 2006, obama voted against increasing the debt ceiling. then in 2007 and in 2008 when he was in the senate, when they voted to increase it, he voted president -- he didn't even vote. here's what he said as a senator back in 2006 regarding the debt limit. it is a sign that the united states government can't pay its

People , Money , Us- , Debt , Republican , Tea-parties , Jim-demint , Showdown , President , Debt-limit , Spending , Advisor

Detailed text transcripts for TV channel - FOXNEWS - 20110103:11:42:00

those who are re-elected and those are going to show up for newt congress. they're going to arrive today and voters have a message for them. >> they need to listen to us because we have spoken november 2nd and by god, they're going to listen to us or they're out of there in two years. >> what real americans expect from congress this year. >> and the president's top economic advisor warns we need to spend more for a bigger economic crisis. can we afford to do that? stuart varney is going to stand up and walk towards the studio. >> two people can walk on our show. we have varney. right back. ooo whatcha got there? uh oh, sesame stir fry from lucky dynasty.

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Detailed text transcripts for TV channel - KGO - 20110103:11:33:00

behavior that the administration was looking to change when they repealed don't ask, don't tell. and this will sort of be a test for not only the navy but for the armed services as a whole. >> reporter: david kerley, abc news, washington. the new congress will be sworn in wednesday with republicans taking control of the house. slashing government spending is among the top priorities among the newly empowered gop lawmakers. some republicans oppose raising the ceiling on the nation's debt which congress is expected to consider within months. that drew a sharp warning from the president's top economic advisor. >> raising the debt ceiling to me is absolutely irresponsible. we've been spending money so long that we don't have and say, it's okay, we'll raise taxes, we'll find it somewhere. >> if we get to the point where you damage the full faith and credit of the united states, that would be the first default in history caused purely by insanity. >> republican senator lindsey

Test , Administration , Behavior , Dont-ask , Dont-tell , Reporter , Abc-news , Republicans , Congress , Navy , K-david-kerley , Washington

Detailed text transcripts for TV channel - FOXNEWS - 20110103:11:28:00

private sector. we were hoping that the private sector for the last 18 months would be spurred on. now with the bush tax cuts, hopefully they will start hiring and banks will start lending so we can get their private sector growth that we've all been hoping for. >> all right. >> gretchen -- i'm going to agree with david there. >> good. let's end it in agreement for both of the davids. mr. winston and mr. mercer, great to see you this early morning. >> great to be here. >> all right. >> coming up on the show, republicans want to stop the spending but the president's top economic advisor has a warning. look at this. >> that's not a game. i don't see why anybody's talking about playing chicken with the -- with the debt ceiling. >> why austin goulsby says we need to spend more or face a worse financial crisis and birds just falling from the sky dead. in one state. details on the mystery that has some residents on edge. [ male announcer ] we asked people all over america where the best tatoes come from.

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Detailed text transcripts for TV channel - FOXNEWS - 20110103:12:04:00

authority to incur debts in the name of the united states and when we need to restrict that through adopting a balanced budget amendment. that needs to take place this very year. i think we can get it done in 2011 and i intend to push for it. >> now, incoming tea partiers also threatening to vote against raising the debt limits. something congress routinely does and white house economic advisor austin goulsby says they're playing with fire. >> if we hit the debt ceiling, that's the essentially defaulting on our obligations which is totally unprecedented in american history, the impact on the economy would be catastrophic. >> now, house republicans also say they plan to have an early vote on repealing president obama health care law. the senate would probably not approve a repeal but the g.o.p. with its new tea party contingent will make that a starting point in trying to weaken or hinder the new law. president obama, of course, certainly would veto the repeal if the senate did pass it.

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Detailed text transcripts for TV channel - FOXNEWS - 20110103:11:46:00

>> all right, steve, the national debt now stands at $14.3 trillion. it's creeping closer and closer to the debt ceiling. some have raised objections to raising that ceiling but the president's chief economic advisor says that will be insanity. >> this is not a game, you know, the debt ceiling is not -- it's not something to toy with. i don't see why anybody's talking about playing chicken with the -- with the debt ceiling. if we get to the point where you've damaged the full faith and credit of the united states that would be the first default in history caused purely by insanity. the impact on the economy would be catastrophic. >> so would stopping the rise of the debt ceiling damage the u.s. or send congress a firm message to stop the excessive spending? stuart varney is here with his analysis on that. happy new year. >> happy new year to all of you. >> what do you think? is he right or wrong?

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Detailed text transcripts for TV channel - FOXNEWS - 20110102:21:45:00

people are truly and putting money or purchases or credit cards. take a snapshot and have a hard look on how much you have. one other thing, the cost of living is increasing. you might have a certain budget that was in place last year but the cost of groceries went up 7% or 8% last year. now you have to add on to that. now you have to add on what it's going to be next year. if inflation is com really understand how much money you have, how much you are making and how much it cost to live. >> gregg: your next two recommendations are dependent on one another. first one resolve learn how to invest but the second one is resolve to understand what your advisor is doing. it seems to me you can't accomplish the latter unless you do the former? >> right. that is exactly why i put it that way.

People , Stimulus-money , The-cost-of-living , Look , Credit-cards , Snapshot , Purchases , One , Budget , Cost , Inflation , Groceries

Detailed text transcripts for TV channel - FOXNEWS - 20110102:21:46:00

you need to empower yourself. you need to understand how to invest it. a lot of people have a self-inflicted, financial paralysis because they don't understand how to invest. they are earning 20 bases points and they don't know what to do. inflation is eating away at their principal and they are lies go purchasing power. you can't rely on financial advisor. a lot people have financial advisor but they don't understand what that person says. people in my business sounds like charlie brown feature. >> gregg: all right. the next one, i wish you would somehow communicate this to our federal government. spend less than you make and invest the rest. what a novel approach? >> it's real simple. invest and now how to invest it so it's compound so the rising

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Detailed text transcripts for TV channel - CNN - 20110101:17:36:00

>> reporter: christine roman, cnn, new york. so how do you convince employers you are the one for them? it is about being ready to sell them on you. having ready at all times a 30-second elevator pitch also a business card. you don't have to be employeed to have one. get yourself one. a clear and concise resume. in and out of court, jail and rehab, big stars, big names, the talk of 2010. our legal guys are back. they can't get enough. [ advisor 1 ] what do you see yourself doing one week, one month, five years after you do retire? ♪ client comes in and they have a box. and inside that box is their financial life. people wake up and realize i better start doing something. we open up that box. we organize it. and we make decisions. we really are here to help you. they look back and think, "wow. i never thought i could do this." but we've actually done it.

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