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Detailed text transcripts for TV channel - FOXNEWS - 20110802:04:03:00

We are keeping a close eye on, because it is the belief of many that the bill authorizes a so-called special committee to repeal the bush tax cuts and also possibly set into motion other so-called revenue enhancers down the road. joining me now for an exclusive interview, somebody who voted for the compromise, and he s the chairman of the house budget committee, wisconsin congressman paul ryan. always good to see you. good to be with you. sean: i know it s been a long battle, a difficult process. why don t you give us your take on it. you voted for it, why you think this is good for the person people. because we re cutting spending. look, is this everything i want? of course not. our budget proposed to cut 6.2 trillion. this cuts $2..1 trillion to $2.4 trillion. we actually got discretionary caps inxñ>fk law. i ve been fighting forn@vgç thee spending caps ever since the day i came to congress. we couldn t get these kinds of spending caps in the bush administration. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110802:04:42:00

This is obama s debt and deficit. you don t deny that? well, everybody did this over 20 years. nobody s done it like obama. right look, the republicans surrendered in december after they won the election. why don t they simply say, hey, let s tax ge. sean: by the way, hugh, you re making him sweat. i can see it. no. it s because sean: don t want the dales. no, you don t want. sean: probably better you weren t in the same room today. thank you for both being here. we have a great thanks to the venture card from capital one, we get double miles on every purchase, so me and the boys earned a trip to dc twice as ft! oh hi! we get double miles every time we use our card. and since double miles add fast. one more chariot please. .we can bring the whole gang! i cannot tell a lie. he did it. right. it s hard to beat dole miles! read mlips no new axes! ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110802:13:58:00

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Detailed text transcripts for TV channel - FOXNEWS - 20110802:00:18:00

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Detailed text transcripts for TV channel - FOXNEWS - 20110802:04:17:00

They re never satisfied. that s fine. we still have a $1.4 trillion deficit. they shouldn t be satisfied. but the point is that the people who work for the tea party and put it together, and have pushed it, are the ones who are the heroes of today. sean: i agree with you. i think for anybody to say this, it s unfortunate, because as i was just speaking with by the way, they may be terrorists in the sense that they terrified the democrats. sean: yeah, whatever. but the point is, you know what, this is an effective voice. we re now headed for $25 trillion in debt. we ll still spend 8% more next year than this year. that s entitlement spending. until we deal with the baseline and start cutting to some extent and deal with entitlements, democrats are screaming. it s like crack cocaine for these guys. ....

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