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Detailed text transcripts for TV channel - FOXNEWS - 20110724:16:30:00

As abnormal. but let s look at the merits of it. cut, we re only cutting $111 billion when we have got a 1.5 trillion-dollar problem yet the democrats holler that s too much. that s only a 7% or 8% solution. you have got a cap to try to get the amount of government spending to historical levels. instead of being on spending binge that the democrats have had in play in the last three or four years. balanced budget constitutional amendment that will force washington to do the right thing. that, quite frankly, will give congress the backbone that right now it lacks. shannon: we talked about the fact that maybe you think that a two tiered approach could work here that part of the debt ceiling is approved with the notion that it s a balanced budget amendment will get out to the states. they have got to ratify two thirds of them. the rest of the money to raise the debt ceiling would kick in after that ratification. how long do you think that process would take and do you think it is going ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110724:16:30:00

Philosophy to everybody else on capitol hill. that s what s it is supposed to be. we are supposed to share our belief system in the legislation that we sponsor. so that should not strike anyone as abnormal. but let s look at the merits of it. cut, we re only cutting $111 billion when we have got a 1.5 trillion-dollar problem yet the democrats holler that s too much. that s only a 7% or 8% solution. you have got a cap to try to get the amount of government spending to historical levels. instead of being on spending binge that the democrats have had in play in the last three or four years. balanced budget constitutional amendment that will force washington to do the right thing. that, quite frankly, will give congress the backbone that right now it lacks. shannon: we talked about the fact that maybe you think that a two tiered approach could work here that part of the debt ceiling is approved with the notion that it s a balanced budget amendment will get out to the states. they have ....

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CNNW In The Arena July 22, 2011

overhaul of the entire tax system. here s the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh s radio show. rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. no deal, no deal, no deal. now, here s the white house spokesman jay carney. there is no deal. we are not close to a deal. we are obviously, the president is in discussions with all the leaders of congress as well as other members, and exploring the possibility of getting the best deal possible, which is something he s held for a long time now. we ll go live to washington in just a moment where nerves are frayed, anxiety is high, and confusion clearly reigns. first, here s some of the other stories we ll be ripping into tonight. the hacking scandal just keeps spreading. with charges of eavesdropping, bribery, and something called bl bl blaging. ....

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CNNW John King USA July 21, 2011

negotiations to continue. key elements of the republican establishment are trying to nudge the hard line conservatives to a compromise. defaulting on our debt is not an option. it has real, immediate, and potentially catastrophic consequences. the ratings agency standard and poor s sent a team to capitol hill saying not raising the debt ceiling would stain america s credit rating and drive up interest costs for everyone. many house conservatives, though, aren t ready to give up and some of them won t budge. they say if there s any new taxes in this deal at the end, they would rather have the first default in american history. in our new cnn/orc poll gives us a fresh sense of what you think. 34% of americans say any deal to raise the debt ceiling should include only spending cuts. but nearly two thirds, 64%, say the deal should include a mix, spending cuts and tax increases. that s what president obama wants and here s a little more proof he at the moment has the upp ....

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Detailed text transcripts for TV channel - MSNBC - 20110719:00:20:00

One, a hopeless stunt that everyone knows is hopeless, the other, a last resort plan in which each side can claim some sort of victory. today, the president issued a rare obama veto threat against the stunt house republicans are calling the cut, cap, and balance act of 2011. it would cut fiscal 2012 spending by $111 billion, cap future federal spending at a fixed percentage of gdp, require congress to pass a balanced budget amendment and send that amendment to the states for ratification before granting the president authority to raise the debt ceiling to $2.4 trillion. the balanced budget amendment would also include a provision that any tax increase, any tax increase, must pass both chambers of congress with a ....

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