Detailed text transcripts for TV channel - FOXNEWS - 20120214:06:34:00
He is going to increase taxes by trillion five and he is going to have three point 8 trillion in so-called spending reductions. if you look at this table, it shows you something interesting. first of all they are counting $1.7 trillion in spending cuts that have already been en academy in previous years. they are counting that in this year's budget. that is completely phony. they have 1 than the $720 trillion have been enacted and he is counting that a second time toward the $4 trillion. so he has new spending, $1.45 trillion cuts in tax increases and $800 billion of interest reductions and re...