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Detailed text transcripts for TV channel - FOXNEWS - 20111122:12:06:00

John mccain said we ll do something about it, took a shot at the republicans trying to overturn it. i ll veto any effort to get rid of the automatic cuts, domestic and defense spending. there will be no easy off ramps on this one. we need to keep the pressure up to compromise, not turn off the pressure. the only way these spending cuts will not take place is if congress gets back to work and agrees on a balanced plan to reduces the deficit by at least $1.2 trillion. you see, i find it fascinating that even with those trigger effects in place, the super committee did not come together. i mean, they specifically chose those types of things as an incentive to get them to do something. because they knew that the democrats would not want to take cuts to domestic programs and they knew the republicans for the most part would not want to take cuts to the military. and they still what more do ....

John Mccain , Defense Spending , The Super Committee , Trigger Effects , 1 2 Trillion , 2 Trillion ,

Detailed text transcripts for TV channel - FOXNEWS - 20110831:10:08:00

They have only until november 23rd to figure out how to cut $1.5 trillion or those trigger effects go into play. so the republicans met yesterday, now the democrats are going to meet and remember what newt gingrich said during the debate that was on fox news a few weeks ago, he really got people s attention when he talked about the fact that he believes that this whole idea of the super committee, well, it s dumb! look, i think this super committee is about as dumb an idea as washington has come up with. i mean, i used to run the house of representatives. i have some general notion of these things. the idea that 523 senators and congressmen are going to sit around while mostly brilliant people will sit in some room and brilliantly come up with a trillion dollars or force us to choose between gutting our military and accepting the tax increase is irrational. they re going to walk in just ....

Trigger Effects , Newt Gingrich , November 23rd , 1 5 Trillion , 5 Trillion , Super Committee , Fox News , House Of Representatives , Tax Increase ,

Detailed text transcripts for TV channel - FOXNEWS - 20110816:11:32:00

I m optimistic that this super committee is actually going to get something done. like the avengeers? i know newt gingrich is not up for it and a lot of people on both sides have panned it but i think they re going to get something done but i know there s a lot of influence that is going to be pushing for their influence on this panel. remember when they first announced that the super committee had to make all the decisions before september 23rd to cut $1.5 trillion or the trigger effects go into effect, automatic cuts to medicare or the pentagon so it s a very important job and many times, we were talking before we knew who was on the committee, maybe they should put people on there who are not going to be running for office in the coming year. maybe they would make the best decisions or what about the people who receive a lot of money from lobbyists and other types of groups? now, it turns out that everyone on this committee, maybe every politician does, is getting a whole lot ....

Super Committee , Newt Gingrich , Trigger Effects , Cut Medicare , 5 Trillion , 1 5 Trillion , September 23rd , Stimulus Money , Interest Groups , 65 Million , 5 Million ,

Detailed text transcripts for TV channel - FOXNEWS - 20110811:11:48:00

When the trigger effects go into play. will it be a up or down vote on tax increases? well, i think some kind of big tax increase is just is not going to be a part of this. first of all, it would be destructive to economic growth and in my view, the two big criteria that we ought to keep in mind is one, reducing our deficit but the other is to do it in a way that maximizes economic growth, certainly not anything that harms economic growth so some big broad tax increase is going to be off the table from the beginning. can we do some tax reform? i hope we can because there are tremendous inefficiencies in our tax code. all kinds of deductions and write-offs and special interest loopholes that we ought to clean out and then correspondingly lower the marginal rate so we encourage investment and economic growth. it s tough to do in a short period of time. i hope we ll try. when you look at the other side of the fence, so to speak, the democrats, the senators that have been put on this ....

Tax Increases , Tax Increase , Trigger Effects , Tax Code , Write Offs ,