Detailed text transcripts for TV channel - FOXNEWS - 20110126:16:47:00
He's a member of the budget committee. what is your thought on entitlements and spending. >> there has to be efforts taken. it will be somewhat painful but not devastating to fix those programs and get them on a sound path. i have to tell you almost every dollar of that 1.5 trillion is not coming from entitlement short falls but it's coming from discretionary spending. entitlements are only slightly in deficit right now. they will get worst over the years. this is a product of extraordinary increases in spending. i said a couple of days ago that this speech would be a defining moment for him, ...