Detailed text transcripts for TV channel - FOXNEWS - 20120904:19:45:00
>>gerri: $5 trillion is how much the debt has gone up under president obama. but everyone seems to share in this pain. under clinton the national debt went up by $1.5 trillion, over eight years. over george w. public, eight year term, it went up $4.8 trillion. now, the democrats are trying to defend themselves, just this weekend, obama senior campaign advisor axelrod had this to say. >> the president's plan would do what the simpson-bowles would do, cut the deficit by $4 trillion, reduce it to under 3 percent of the g.d.p. which everyone agrees we need to stabilize the debt. with growth, we wi...