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Detailed text transcripts for TV channel - MSNBC - 20110725:17:17:00

Term spending problems report back. i guess the compromise may be what kind of mechanism will there be to raise the debt limit. i think the two-stage process is where we re going to end up because we don t have time to deal with bigger issues like tax reform. historically you know usually the debt limit is for less than a year. 34 of the last 44 have been for less than a year. this notion that short-term is somehow the exception it s actually the rule. you know this better than i do, would you want to be going through this again in the spring in terms of the instability, the markets, the slowness of the economy and how stalled this recovery has been? why go through this agony again? it is kind of agonizing, isn t it. i think what the markets are look for again are dealing with the underlying problem. if there s a commitment made now to meaningful and credible reductions and a process to come up with further reductions and ....

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Detailed text transcripts for TV channel - MSNBC - 20110725:17:16:00

To that. you know better than i. why not deal with that down the road, what s wrong with extending the debt ceiling through 2013? i think if you re going to stick with the formula that seems to be accepted by all parties which you only increase the debt limit to the extent to which you reduce spending that s the $1 trillion about six months. doctors 2 .5 is until the end of the election cycle. then the question is can you do this without raising taxes or not? i think what you re suggesting the that there could be a compromise or there could be a commitment to tax reform manyç the short-term. i think that s essentially what this two-stage process is. let s agree to the $1 trillion which one of us can combine. the groups have come up with $2.6 trillion of spending reductions. let s agree to a trillion. in that time period let s go through the process of real tax reform and looking at the longer term spending problems report back. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110702:17:12:00

Have we seen any progress in the debt discussion. let s bring in aide to charles schumer and brad blake, administrator assistant to president george w. bush. gentlemen, welcome. great to be here. jamie: how dire is the situation when it comes to the deficit? it s bad, but it s stemmic to our spending problems. we don t have a revenue problem, we have the fact that government is spending too much and creating too much jobs in government and not enough in the private sector, and republicans need to stand for principle and the principle is no new taxes and we have to reduce spending and encourage people to spend money and to invest in jobs and in plants, and in equipment. that s how we bring this economy back. jamie: chris ever to, specifically, what is the president looking for here? and how about this time line to have it taken care of by august 2nd. you actually have to have it passed sooner to get the legislation through. well, you know, i think the president is hoping that ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110514:14:07:00

Giving him a free trigger for, you know, a cocktail, you know, in the next hour. by definition our spending problems are caused and complicit and all from our congress. so, to give them carte blanche, an automatic tax raise like free drinks for all alcoholics, god bless. then we ve got to decide to raise the debt ceiling if you don t want to oh, another, beautiful, you re beautiful, man, let s do that. and the bars and alcohol, all night, that s kind of what the government they can t stop spending and we need controls that are automatic like lights out at the bar and this is sort of like that. nothing to do with it, nothing to do with the lights out. it doesn t stop spending, the problem is alcohol is the spending, giving them more reason to spend not cutting them off, here, spend more and pay for it let me get back to the question. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110418:05:08:00

More than 2.50. he is so out of touch with the american people. the polls are clear. it s like 60 percent of the american people say yes, tax increases or eliminating the bush tax cut should be a part of any fi fiscal solution to our spending problems in the country. people say that s just reasonable. juan you know the numbers, though. look this idea that the president laid out some of the rich aren t paying the taxes they are not paying their fair shares they are paying a lower percentage than they have paid in 50 years if you look at the numbers today look at the top 10 percent they pay 70 ers p of the taxes. in fact i don t know if you saw tomorrow is tax day in america. i know. i know. we know. we don t like it but we know. 47 percent wait, wait. 47 percent of americans are not going to any income tax liability. it s a highly skewed system already juan on the backs of the rich. it is highly skewed because guess what? ....

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