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Detailed text transcripts for TV channel - FOXNEWS - 20120214:15:29:00

Gregg: fox news alert president obama set to make a new push for extending payroll tax cuts. looking live at the white house less than ten minutes away from the president s remarks there, as he s expected to call on congress to extend the tax cut for 160 million americans. this after republicans challenged democrats in the white house to let them expire proposing an extension without paying it by tacking the price tag onto the $15 trillion national debt. we are joined by the vice chairman of the house budget committee. always great to have you on valentine s day you were here last valentine s day. good to be back with you. gregg: you were against this in december, right. i was against this this past december and in 2010 when it was the last action under speaker pelosi s gavel. gregg: are you going to be against this now? i ll listen to see what leadership has to say about this ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120214:14:15:00

Spending by four trillion over the next decade, cut the deficit by four trillion over the next decade but i talked to senator jeff sessions yesterday about that and he said that is absolutely inaccurate and dishonest essentially because he says the president is using all kinds of crazy premises that are faulty and gimmicks and tricks. so who is telling the truth? this is a budget loaded with gimmicks. the president wants to take credit for both the wind down of the wars in iraq and afghanistan. that already happened. you can t do it twice. take credit for a trillion dollars in savings that happened last august in the debt deal. there are a lot of holes. reality there is $2.7 trillion in new spending in this budget. it doesn t address the fundamental problems that the united states has with an already large level of debt and projected increase that is literally unsustainable. gregg: well the president s budget at least in the near term certainly increasing spending, increases ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120214:14:03:00

Nevada but not in the big midwest. the question is, does that native state advantage hold for romney? he was born and raised there. his father was governor of michigan from 1963 to 1969 which is quite a while ago. i have to tell you in my reporting i recently met a lot of people from michigan who remember romney s father as governor. i met them in florida. they had retired and left the state. we ll see how strong the advantage is. martha: we will. there is still a lot of thinking that santorum has a blue-collar type of momentum in michigan perhaps mitt romney might not have at this point. we ll see. byron, thank you so much. thank you, martha. martha: as we look at this race which gets more interesting by the day, gregg. gregg: it changes every day. it is hard to keep up. as the president unveiled his budget, critics called it the first shot for the fight in re-election. mitt romney very eager to return fire. the massachusetts governor says the spending plan ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120214:15:54:00

Again he may have one more shot at this thing. what say you, governor? well, i would say, you know, newt gingrich is not a guy to be counted out. you need to remember that here is a guy who ran for congress twice, not once, but twice, and then on the third time actually wins. i mean this guy no, sir tenacity. if you look at his plans for the take back of the house, after 40 years of democratic control, the contracts with america. this guy has been through a whole lot of political storms, and so he s never a guy to be counted out. but that having been said, what i d say is, you know there can only be one anti-romney who is at the top of the heap and right now that is rick santorum. if you look at what is coming here in michigan and arizona, i think if santorum seals the deal in for instance michigan it s game over for gingrich. time will tell but that s where i think this race stands. i think we are at a real pivot place in the race. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120214:15:44:00

Efforts, if anything they are trying to stop it, and yet he s trying to double down on what amounts to presidential earmarks. when you look at the way this money has been thrown around for political favoritism, when you look at the reckless disregard for the laws and guidance they were supposed to have on these loans, and certainly when you look at fact that they simply aren t very good businessman it s time for congress to say no to presidential earmarks. martha: it s interesting when you look at solyndra and the problems they had, one of the issues raised by all of that is let s make sure this never happens again. figure out how the money was allocate towed a company that went bankrupt, even though there was a lot of looking into it and it was a company that the bush administration decided not to back and it was reversed during the beginning of the obama administration. what kind of assurances that the american people can have that as the money goes forward it won t be wasted again? ....

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