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Detailed text transcripts for TV channel - FOXNEWS - 20100513:11:34:00

Ignored paygo 12 times in the last congress. and at least three times in this one adding more than a trillion dollars to the deficit. now, the latest example of fiscal restraint is a $5.7 billion disaster relief and summer jobs act. most of the money goes to fema for disaster recovery but that includes money for victims of hurrica hurrica hurricane rita and hurricane katrina that happened five years ago and already cost $130 billion. there s $600 million for a summer jobs act for teenagers. that s on top of the $1.4 billion already appropriated for that purpose. and more money for the small business loans. apparently, the $680 million already doled out by uncle sam for that purpose wasn t enough. there s no doubt that paygo is being ignored in this circumstance and the way you do that is declare an emergency when there s no emergency at all. unfortunately, business as usual in washington, that, you ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100513:11:33:00

Now. when i lived in los angeles, the first time i saw prisoners doing work was actually right on pch. they had them all in jump suits, yeah. chain gangs? no, they weren t chained. they were just asked not to leave. it worked, i guess. probably a pretty good idea. meanwhile, while health care took the spotlight last month, backstage at the house of representatives quietly passed the $6 billion disaster relief and summer jobs act. congress ignoring it once again. how does this affect you, the taxpayer? william lejunesse is live at 4:33 pacific time. good morning to you. steve, when democrats took control of the house in 2007 on their second day in power, it adopted something called paygo. unlike the bush administration, they promised to be fiscally responsible and paygo meant that the next time congress wanted to spend money, it would have to cut spending elsewhere. so as not to raise taxes or add to the deficit. well, guess what, congress ....

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Detailed text transcripts for TV channel - CNN - 20100411:19:47:00

And more importantly, how does he get his whites so bright? find out with cheer. surprisingly bright at a new lower price. so, cut spending or raise taxes, both very unpopular choices in washington where there is an election cycle around every corner. the last time we cut the debt was in the 90s under former president clinton. that was the last time we actually had a budget surplus. and some say the economy was going in the right direction to help that along. the reason tough spending rules also require congress to pay for things as they go, also known as paygo. there are two different types of categories and budget tools that can really help fix the situation. there is one category of tools that enforce budget rules. ....

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Detailed text transcripts for TV channel - CNN - 20100411:19:48:00

there is paygo. for discretionary programs, there are spending caps. let s look at paygo first. i have long been an advocate for paygo. if someone is going to propose a tax cut, they have to pay for it. if someone is going to propose an increase in mandatory spending, they have to find a way to pay for it. our fiscal challenge is too great to be solved with any one step alone. last week, i signed into law the pay-go bill. it says that the united states should pay as we go and live within our means, as responsible americans do. this is a weak version. a strong pay-go would not exempt so much spending and tax increases and would apply to all the programs. the other type of budget tools is expenditure caps. that limits how much the growth of discretionary spending can go forward each year. ....

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Detailed text transcripts for TV channel - CNN - 20100410:17:47:00

So cut spending or raise taxes, both very unpopular choices in washington where there is an election cycle around every corner. the last time we cut the debt was in the 90s under former president clinton. that was the last time we actually had a budget surplus, and some say the economy was going in the right direction to help that along. the reason tough spending rules also require congress to pay for things as they go, also known as paygo. there are two different types of categories and budget tools that can really help fix the situation. there is one category that helps fix budget rules. there is paygo. for discretionary programs, there are spending cuts. i have long been an advocate for pay-go. ....

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