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Detailed text transcripts for TV channel - FOXNEWS - 20110606:10:46:00

welcome back. dangerously close to default as you know as republicans and democrats continue to play tug of war over raising the debt ceiling. former congressman connie mack and his wife, mary bono mack say they have the solution. good morning. thanks for having us. let s talk about the 1% solution. it is? amazing. imagine you like it. you re behind it? yeah, yeah, yes. imagine balancing the budget one penny at a time. so what we re talking about doing is taking 1% or one penny out of every federal dollar a year for six years. and at the end of seven years, we cap spending to 18% of gdp. balance the budget in eight years and in 10 years, we cut ....

Tug Of War , Connie Mack , Debt Ceiling , Mary Bono Mack , Lets Unpack What Austin Goolsbee , The End ,

Detailed text transcripts for TV channel - FOXNEWS - 20110606:11:06:00

And the policies that they ve put in place. let s unpack what austin goolsbee said a little bit. he said last month was just a blip. ok, i hope that the june numbers when we get them in july, maybe he knows something we don t know but i doubt they re going to be spectacular. in addition, while he s right they have added some jobs over the last six months, remember that economic growth for the country had been revised down from a pretty anemic 3% to a 1.8%. and the markets are rattled. their situation is worse. and they re playing they have no plan to move forward. their plan right now is to demagogue the republicans plan to actually try to do something about the debt. when nancy pelosi talks about the debt, it s like oh, really? where do you think it came from in the last three years? not that it didn t accumulate over the decades. in the last three years, they ve doubled it. now, no longer they re using the imagery of the democrats. the republicans drove us into a ....

Lets Unpack What Austin Goolsbee , 1 8 , Nancy Pelosi ,