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Detailed text transcripts for TV channel - FOXNEWS - 20110713:09:50:00

everybody, including you. and i m not worried about that. but, i am worried about some citizens, believing this is a phony deal. that the united states will not suffer economically if no debt ceiling rise comes. in and i wanted to get your opinion on that. look. here is the reality. the federal government is anticipated to receive $203.3 billion in revenues in august. the outflows, the entire federal budget is programmed to spend $362.7 billion. that means if you don t have a deal, and you have to live within the $203 billion you get, you have to cut $159.6 billion out of the federal budget in one month alone. that means, look, you can pate interest on the debt. so we don t default. can you pay social security checks. can you pay the checks of the active military. but you cannot find 45% of the federal budget that you can cut overnight without having consequences. i mean, brit hume for example i

Detailed text transcripts for TV channel - FOXNEWS - 20110713:03:50:00

as you know, i challenge everybody, including you. and i m not worried about that. but, i am worried about some citizens, believing this is a phony deal. that the united states will not suffer economically if no debt ceiling rise comes. in and i wanted to get your opinion on that. look. here is the reality. the federal government is anticipated to receive $203.3 billion in revenues in august. the outflows, the entire federal budget is programmed to spend $362.7 billion. that means if you don t have a deal, and you have to live within the $203 billion you get, you have to cut $159.6 billion out of the federal budget in one month alone. that means, look, you can pate interest on the debt. so we don t default. can you pay social security checks. can you pay the checks of the active military. but you cannot find 45% of the federal budget that you can cut overnight without having consequences. i mean, brit hume for example i

Detailed text transcripts for TV channel - FOXNEWS - 20110713:00:50:00

challenging mrs. bachmann and, as you know, i challenge everybody, including you. and i m not worried about that. but, i am worried about some citizens, believing this is a phony deal. that the united states will not suffer economically if no debt ceiling rise comes. in and i wanted to get your opinion on that. look. here is the reality. the federal government is anticipated to receive $203.3 billion in revenues in august. the outflows, the entire federal budget is programmed to spend $362.7 billion. that means if you don t have a deal, and you have to live within the $203 billion you get, you have to cut $159.6 billion out of the federal budget in one month alone. that means, look, you can pate interest on the debt. so we don t default. can you pay social security checks. can you pay the checks of the active military. but you cannot find 45% of the federal budget that you can cut overnight without having consequences.

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