Detailed text transcripts for TV channel - FOXNEWS - 20120508:13:35:00
Part of the effort that house republicans are trying to make and also republicans in the senate to try to take a bite out of what you call the debt bomb but you're runing into some pretty strong headwinds. >> well, i think, the american people ought to ask the following question. first of all, we're going to have to borrow $1.6 trillion. that is 1.6 trillion, over the next 10 years to fund the student loan program. that used to be a private program that was run privately, that the government didn't have to borrow money and they subsidized the student loans through private. now, not only are we...