Detailed text transcripts for TV channel - FOXNEWS - 20120213:20:16:00
>>reporter: it is not just the tax hikes that republicans object to saying hundreds of billions in save insurance from ending the wars in iraq and, are afghanistan or not savings and the debt will rise $7 trillion over the next decade. >> dead on arrival? it is dead on arrival that is what we are seeing. this is an ambush budget. the president is ambushing the american people. >>reporter: in february of 2009 the president promised to cut the deficit in half by his second term and this does not do that in dollar terms but it does cut the deficit in half as a percentage of g.d.p. >>shepard: they...
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