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Detailed text transcripts for TV channel - FOXNEWS - 20100201:17:06:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100201:17:06:00

In fact, we've seen that it hasn't worked. jon: alabama senator jeff sessions, a member of the budget committee. thanks. >> thank you. jane: with the release of the president's budget, many analysts predict we're on an unsustainable course. jim angle is in d.c. jim, this new budget coming out today but all those past budgets, too, have put us in such a deep hole that a lot of analysts say we should all be extremely worried. >> that is exactly right, jane. our debt levels are bad and getting worse, and not only that, they're getting a lot worse a lot fast ther. listen. >> we are going to double...

Detailed text transcripts for TV channel - FOXNEWS - 20100201:17:03:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100201:17:03:00

White house for us, thanks, steve. jon: alabama senator jeff sessions is a member of the budget committee that will vote on the president's proposed budget. he joins us live from capitol hill. senator sessionings, from what you've seen of this budget, what do you think of it? >> with well, it's not good. we're talking about $1.6 trillion in deficits, this budget, first budget year, which would be the largest deficit in the history ri of the american republic, even larger than last year which was triple the deficit the year before. so fundamentally i think the president talked about a freeze. i...

Detailed text transcripts for TV channel - FOXNEWS - 20100201:16:02:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100201:16:02:00

Say, wendell, about this huge decifit that this budget calls for? >> reporter: jon, they say the president inherited a trillion dollars budget decifit so the projected decifit for 2011 is much higher, representing about 40 percent of the budget, they say it would have been worse without the spending freeze the president is calling for, though that only amounts to about $25 billion a year, another 65 billion or so would come from canceling the tax cuts the bush administration passed for families making more than $250,000 a year. still the national debt expected to rise an additional 8 1/2 trill...

Detailed text transcripts for TV channel - FOXNEWS - 20100201:16:01:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100201:16:01:00

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