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Detailed text transcripts for TV channel - FOXNEWS - 20110721:20:03:00

What do you hear? guest: there is a bill that passed the house of representatives, the cut, cap and balance bill, that is very common sense, cut spending now, cap it over 10 years and try to move to a balanced budget and let the american people decide if we should balanced budget amendment and that bill will come to the senate this weekend, the democrats are threaten to filibuster but all we and for is debate and amendment the only bill here that has a chance to pass before the august 2nd deadline. the president has not given us a bill. the democrats in the senate have not. but i am very thankful for the leadership of john boehner and the house republicans. they passed a bill overwhelmingly and all republicans in the senate support it and we might have a majority because a few democrats are willing to let us proceed to debate but the president i believe is really panicking and the democrats, the liberals thick the americans are stupid and they can run the ads but the ....

Well Written Bill , House Of Representatives , The Cut , Common Sense , Balanced Budget Amendment , John Boehner , August 2nd ,

Detailed text transcripts for TV channel - FOXNEWS - 20110721:20:36:00

Today. american people know our problem is not that we are taxed too little but we spend too much. and we are borrowing $4 billion a day. a lot of it from foreign countries specifically china. it is over $2 million a minute. we can t continue this way. there is no way you can stay strong and independent and a force in the world if you owe that kind of money to a foreign country who doesn t necessarily have our own best interest at heart. neil: there must be a strategy on harry reid s part. if you move it up, does it make it less likely to be passing and it dies on the vine and you are back do square one? guest: i was ready with my colleagues to continue to fight on the senate floor all the way through saturday to talk with the american people about the need to have this bill passed and get democrat dozen support ....

4 Billion , 2 Million , It Doesn T , Neil Cavuto , Harry Reid , Square One , Well Written Bill ,

Detailed text transcripts for TV channel - FOXNEWS - 20110721:20:05:00

Chance, the mcconnell is going nowhere. and speaker barne said today that the cut, cap, and balance bill is the bill that we need to be amending, debating, and we need to talk about it, the only core bill we have. there is no other bill if the president wants to take us beyond august 2nd, he can dismiss the bill but they are getting calls that americans think, over 70 s percent, we need to balance the budget. this is in line with where american wants us to be. neil: and you mention s&p who had a powwow with republicans today, and it was extended to republicans, period. who called for that meeting? guest: i m not sure. paul ryan has been very involved with the numbers here. ....

Well Written Bill , Score Bill , August 2nd , Neil Cavuto , Paul Ryan ,

Detailed text transcripts for TV channel - FOXNEWS - 20110721:20:36:00

Strong and independent and a force in the world if you owe that kind of money to a foreign country who doesn t necessarily have our own best interest at heart. neil: there must be a strategy on harry reid s part. if you move it up, does it make it less likely to be passing and it dies on the vine and you are back do square one? guest: i was ready with my colleagues to continue to fight on the senate floor all the way through saturday to talk with the american people about the need to have this bill passed and get democrat dozen support it and have people around the country call elected senators to say the house of representatives took the first step and now it is your turn to pass cut, cap and balanced and he may be concerned that people are calling and telling their members to vote and he maybe was ....

It Doesn T , Harry Reid , Square One , Well Written Bill , House Of Representatives , Pass Cut ,

Detailed text transcripts for TV channel - FOXNEWS - 20110721:20:06:00

Reasonable cuts, similar to what moody s and s&p are asking us to do so this is not a partisan bill. neil: but it is weird whoever arranged the meeting with the s&p folks, what they will say is we risk financial armageddon if we default, and the aaa credit rating goes away, association obviously, i would assume it was meant to scare republican members who were there. guest: i don t think so. if you read the statements we have from moody and standard & poor it says if we raise the debt element without credible, significant long term deficit reduction, they are going do lower our bond rating so they are not after us just raising the debt limit they know we have to do this. neil: all right. putting meat behind it. you have been a critic as you have written in your book, about this sort of facade. ....

Well Written Bill , Moody S , S P , Republican Party , Credit Rating , Bond Rating , Deficit Reduction , Debt Element , Debt Limit ,