Detailed text transcripts for TV channel - FOXNEWS - 20120214:03:51:00
>> greta: back with karl rove. few more things to say about this budget. >> guest: just one thing. this is not a serious budget if you don't take on mandatory spending. cbo says 57% of the budget is mandatory spending plus 7% interest. so 64% of the budget is on autopilot and president has made no recommendations of mandatory spending. notices at serious budget. it's a political document designed to give him chances to go out in battleground states and talk about favorite subjects but not designed to be a serious attempt to deal with the fiscal problems facing the country. medicare goes broke ...