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Detailed text transcripts for TV channel - FOXNEWS - 20110124:21:08:00

About. it is a continuing resolution and we will try to modify it and make it as good as we can. you will see it really happen when we begin developing our budget which will take effect october 1. but we . neil: why can t you rip up whatever they agree or because it was largely refutated by americans anyway last november? guest: yes, you will see cuts right now and that is going to be the first step and you will see real budget reform so that we actually do a budget. you know, we went through a whole year without having one, so, we will do a budget and when we do it you will see prioritization, and you will see cuts deeper. neil: on the debt ceiling where you do stand? would you raise it or risk not raising it if there are no spending cuts? guest: we have to get a lot for me to vote to raise it. i don t see anything wrong with going, paying cash for a while. neil: what does that mean? ....

October 1 , Neil Cavuto , Budget Reform , Debt Ceiling , Spending Cuts ,