Detailed text transcripts for TV channel - FOXNEWS - 20110806:16:03:00
Successful. it is not as bad as people think. but the problem with what the s&p points out. since the stimulus package failed and all of the measures that the president tried has failed you are not getting revenues coming n you have a bigger deficit. economic growth is key to the downgrade. it is not just the debt deal. but sipts said there is no credible plan to make up or sort of the draw down the deficit that we have right now . this is a big problem. this is fiscal policy grid lock. republicans coming up with taxs and reforming the tax code and you have president obama coming out saying th...