Detailed text transcripts for TV channel - FOXNEWS - 20110729:21:01:00
>> raising the debt ceiling simply gives our country the ability to pay the bills that congress has already racked up. i want to emphasize that. the debt ceiling does not determine how much more money we can spend. it simply authorizes us to pay the bills we already have racked up. >> did you hear that? that was president obama just a few hours ago, saying at this debt ceiling wasn't going to allow us to spend more going forward. you know, there's a problem, because it does. that's exactly what it does. so mr. president, either you're disingenuous to the american people or you're not smart eno...
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