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Detailed text transcripts for TV channel - FOXNEWS - 20170825:22:12:00

Really unprecedented in the state of texas and maybe all across the country. when you re looking at up to maybe 50 inches of rain falling in these impacted areas. as we see the map on the right-hand side of the screen now come along that is that gulf coast, the edge of texas. there are a lot of oil platforms, there are oil refineries. what kind of damage could this storm due to our energy infrastructure in that part of the country? corpus has quite a large petrochemical refinery industry. the houston shipping channel, some models have this hurricane ricocheting off of corpus and hitting the houston area. i think the worst-case scenario here is that this hurricane hits some of these petrochemical operations, and quite friendly, chris, provide a third of the nation s energy supply. it is the most biggest, critical infrastructure the state of ....

South Texas , Lone Star State , Gulf Coast , Out Of The Storm , Oil Platforms , Energy Infrastructure , Oil Refineries , Shipping Channel , Petrochemical Refinery Industry , Hurricane Ricocheting Off Of Corpus , Storm Turned Hurricane , Chris Wallace , Building New Infrastructure , Energy Supply ,

Detailed text transcripts for TV channel - FOXNEWS - 20170825:22:35:00

Infrastructure can t be financed by more government debt. so what we suggested is what we did and that is to lease airports, to lease ports, give the people of the community the right to buy those assets from the counties in the cities, and then take that money from the airport, the leasing of the airport and redeploy it into new infrastructure. it also means that those ports and airports and other government entities start paying tax to the local community, start paying tax to washington, and it funds itself not only through the economic jobs it creates but importantly through the taxes it pays. controversial. was a tough question ? sure. sure. nothing in this world worth achieving doesn t involve some pain. but ultimately, it is a fairer system if you can get counties and cities to get out of the businesses of running airports or running ports. the things that aren t core ....

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Detailed text transcripts for TV channel - FOXNEWS - 20170825:22:36:00

Business, and get them to stop focusing on building new infrastructure. speak of the administration seem to like it? speaker they are attracted to it because it s a self funding mechanism. you got government money saying in all these state owned enterprises and if you can read a play that body into new infrastructure, it s going to create jobs. and it s going to give you the growth that you need. and i say this because if the u.s. economy is strong, the global economy is strong. so self interest, yes. we want you to have a strong economy. we appreciate the time. any time. chris, we ll send it back to you. chris: thank you. one of the president s top economic advisors is not happy with how his boss handled the aftermath of racial violence in virginia. it will get reaction from the panel after a quick break and will go back to the texas coast for a live update on hurricane harvey as the category 3 storm gets set to make landfall. i guess you have to go to ....

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Detailed text transcripts for TV channel - FOXNEWS - 20170825:22:34:00

Are now in deep discussions with the u.s. administration about how to further increase. you re also in discussions with the administration about trying to solve the infrastructure problem here domestically. and infrastructure project that the president, as a candidate, talked about, at least a trillion dollars. your country has done something and you re trying to tell the administration about it? we ve been asked to give some advice of our own experiences. australia has and a recession for 26 years. the longest continuous period of growth in any major economy in the world. one of the ways we ve done is we recognize that we can t keep increasing debt but we need to build infrastructure for the 21st century. the united states has a massive infrastructure shortfall. if you spent every single dollar of your budget this year on infrastructure, then it wouldn t be enough to fill the gap in your existing infrastructure. so that demand for ....

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