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Detailed text transcripts for TV channel - FOXNEWS - 20110702:22:40:00

revenue and spending cuts are worse than they ve been in the last 25 years. that isp}q now causing severe problems with summer programs throughout the country. let s talk about new york city. here a number of swimming pools, four, had to be closed because there isn t enough money to go around. additionally, youth ememployment program had its budget slashed by 15 million dollars that translates into 10,000 fewer spots for kids. in washington, d.c., 17 million cut from summer programs that means about 15,000 kids there are going to have to go without organized activities this summer. one group in the nation s capital says funding went from 120,000 last year to zero this year in cash strapped detroit, summer program that once served 7500 kids can now accommodate only 1200. as you said, the bottom line kelly, for many kids this summer is going to amount to a break from school, but indeed,

Detailed text transcripts for TV channel - FOXNEWS - 20110613:03:33:00

collectivism. i thought collectivism didn t work. the whole country is on collectivism how much money does it save? doesn t save any. john: and the battle for wisconsin is also being fought in washington. in the same way that you did you read the budget? i ll answer your question. john: the man the congressman and unions are mad at is scott walk, he won claiming that unions and government are throwing money down the hole. you can t sustain it. john: walker asked to pay a little more less than private workers say, unions said no. somehow they were entitled to a fixed cost of living.

Detailed text transcripts for TV channel - FOXNEWS - 20110613:03:04:00

recently and took 25 million local dollars to equal one american dollar. you had to carry armfuls of cash to go shopping. you save money supposedly for your old age to be able to enjoy life or to be able to leave money to your children, well, that money is going to be worth almost nothing. so, printing all of this extra money is bad. what are the other options? well, the government can raise your taxes or cut its spending. tough choices. politicians are supposed to make these choices. so, what did president obama do? he appointed a commission. i m asking them to produce clear recommendations of how to cover the costs of all federal programs by 2015. they recommended a trillion in tax increases, and 3 trillion in spending cuts. but the president didn t take those resignation is and that bothered even though liberal, the total debt is 7 trillion dollars on top of the 14 trillion we already have. how can you say we re living within our means.

Detailed text transcripts for TV channel - FOXNEWS - 20110613:00:18:00

dollars? it s like you guys are looting the town. i strongly disagree with that representation. we re not looting the town. the city has a terrible financial situation. john: but the city is in a terrible situation because the politicians keep spending had the cuts been made years ago, the city would be able to pay its pensions today. it s almost as if the notion of thinking it would fix itself. but it wasn t. see where we re doing and you could have stopped it. he could have came to us and said, listen, we have to cut your berths a little bit, but we ve got to keep this thing doing. he never did a thing and just let it go. john: and reminds me of these folks in washington, who despite the warnings keep spending more than we have. but as our debt gets uglier at some point people will stop lending to us and then the economists say you end up what you had in prichert, alabama, and story, we can t pay you, don t have the money, we re broke.

Detailed text transcripts for TV channel - FOXNEWS - 20110613:00:17:00

government workers. there should be cuts made. john: the mayor would not talk to us, but the city s lawyer did. why didn t they make cuts? there is he very little left to cut and you re going to be cutting into police and. john: but the mayor makes almost $100,000 a year. why not cut that. well, that s a political decision. john: the city has a golf course that loses money every year. the website just had a makeover. isn t that wrong? wrong by whose teachindefini the city has an obligation for some degree of services. how much does the city pay you? i don t see why it s relevant. john: it seems wrong that the lawyers and politicians get money, but the retirees don t. i ve been asked to come into a hard situation, i don t know what the total is right now they owe me 40 to $50,000, i ve been asked to help the city. i m helping the city. john: but the mayor making $100,000? you making thousands of

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