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Detailed text transcripts for TV channel - FOXNEWS - 20110226:16:03:00

By 2020 the gao is saying four items is going to soak up 90 two% of the budget. interest on the debt matters to a credit rating downgrade to avoid it, congress should raise tacks to keep that interest cost sustained on the debt that s a big issue of the you mentioned money printing. it is called inflation, taxation without legislation that s another issue. david: morgan won t this lead to inflation and higher taxes? emac brings up a great point. the politicians in washington need to for lack of a better term, grow a pair whoa! those are a huge part of our deficit and they are going to cause all kinds of problems down the road. discretionary spending the area that republicans are looking to slash and burn now is a smaller part of our deficit. it is a necessary part of ....

Credit Rating Downgrade , Money Printing , David Asman , Morgan Won T , Need To ,

Detailed text transcripts for TV channel - FOXNEWS - 20110226:16:07:00

Resource. i appreciate you applauding the phone company in helping to create the internet. we are talking an alice in wonderland world without the happy ending. this is going to be bad. we talk in context of $50,000 a year teachers have to sacrifice and give up. while millionaire bankers on wall street, we need their bonuses because they are the dynamic guys who get us into this mess. hang on [ talking over each other ] david: one at a time. first emac then quentin k it is unfortunate that the fight over the government public sector is first picking on the teachers. it is not that. it is all government workers. government unions want to make like this is an erin brockovich moment where the public sector union a greedy company. no public sector union again the taxpayer. help out the teachers first. but watch out for government waste when it comes to ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110219:16:04:00

Benefits. that is what is bankrupting cities and states all over the country. first congratulation i think there will be a bailout, i don t think they will call it a bailout. president obama will push for assistance is what he will call it. for health care, intrastructure and things like that. i d have to say i agree with emac, i think there will be money funneled to the government from the government to states. with republicans pushing back in the house, you think the president would get another bailout passed? mike took my line. it will be a bailout, but it won t be labeled as such. it will be in the form of stimulus. we ve seen this before. don t you think the american public has wised up? haven t they figured out that a bailout under any other name is the same? i think the american public has wised up, but i don t ....

President Obama , Health Care , Won T , United States , Just Don T , Haven T ,

Detailed text transcripts for TV channel - FOXNEWS - 20110219:16:16:00

Up that up for 10 years, that s the deal. david: emac, i thought it was the greenspan bubble, not the bush bubble. will this create jobs? it is absurd to call it the bush bubble. it started under clinton. [ talking over each other ] let me finish. what we are talking about is how technology is replacing a lot of these people that are needed for these infrastructure jobs. that s why los angeles announcing the infrastructure spending that came from the government is going to create 55 jobs at a cost of two million dollars each. mike is right. under fdr the unemployment rate dropped in 1931 until the government intervened. dennis, let s talk about right now. one of the things i didn t like about stimulus was the taxpayer didn t get the best deal because only union jobs could apply for a lot of these projects. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110219:16:02:00

Corporate liabilities further why don t they get that back up before they pick on people whose average wage, with benefits $75,000 is among the lowest of any job requirement graduate degree? emac, we have teachers breaking the law by walking out. democratic legislators running to other states so they don t have to foot on this. there s a lot of nincompoops in this whole thing. raising taxes by 24 last year, government union workers lobbied for tax spending and increase, property tax hikes, sales tax, income tax hikes to cover their compensation for pension plans that bernie madoff got arrested for, promising 8 to 10% a year. nobody can expect that any more. you can t expect every year annual stock returns of 8 to 10%, quentin you know that is not reasonable. ....

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