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Detailed text transcripts for TV channel - FOXNEWS - 20110725:06:46:00

stubborn, stureb born to making a deal on any circumstance because they don t want added revenue. they don t want the tax hike. what we saw this week from the democrats, you talk about the white house, the democrats flew over to the white house to say what are you talking about? you are willing to make significant cuts in terms of medicare, medicaid, social security, you are putting our political fortunes at risk. this is not what we want. you saw move on. you saw aarp. you saw afl-cio. ceiu. engaged to zoom on congress can w. phone calls and lobbying to say stop the president from giving up everything to the republicans. one last point here. you heard the speaker of the house say we moved the goal post in terms of a president who doesn t want to make significant cuts who is now willing to make significant cuts, why don t republicans just say we have won this fight. it s time to move on and not push the country over the edge. chris: that s one. we will take a break here.

Detailed text transcripts for TV channel - FOXNEWS - 20110725:06:13:00

says that it s just not true. chris: the cbo the head of the nonpartisan congressional budget office says we can t score a speech. let s do it your way, okay? the republican plan that passed the house of representatives. and republicans voted for in the senate would, in the estimate of the cbo require beneficiaries of medicare to pay $6,500 a year more. $6,500 more in medicare benefits than they do today and why are they doing that? they are doing that because they want to preserve i don t think the speaker just says this but they wants want to preserve tax cuts that benefit americans they can t afford and they demonstrate in their plans and i give them credit for. this if you try to balance our budget without revenues, without tax to raise revenues then you are forced to put in place exceptionally harsh cuts not just for medicare beneficiaries but for medicaid. remember, this country, this

Detailed text transcripts for TV channel - FOXNEWS - 20110725:06:14:00

great nation with our great resources today one in eight americans 40% of americans born today are born to families eligible for medicaid. the idea that you can ask the american people to balance this budget on the fackets backs of the ugly and the most vulnerable with no burden through tax reform on the most fortunate americans is fundamentally unacceptable. it s not going to happen. they knew it it s not going to become law. we have made so much progress over the last four months with republicans and trying to build consensus for a more balanced approach i give the speaker a lot of credit for that. let s turn in the time we have left for the economy. last august you wrote op. ed article in the new york times and the headline as you can see there is welcome to the recovery. that was not our headline. that was the new york times headline. deeply unfair to the substance of what i wrote. chris: here is what you did say. put it up on the screen if you can what you did say is we

Detailed text transcripts for TV channel - FOXNEWS - 20110725:06:08:00

revenue $800 billion over the next decade and that the president in boehner s words moved the goal post during the course of the week by demanding another $400 billion. simple fact question did you have an agreement with speaker boehner last sunday in a meeting in white house chief of staff bill daily s office $800 billion in new revenue? we did not but we were close. at that point. chris: did not have an agreement. at that point on saturday we will were apart on two very important things one is what type of revenue we were going to get through tax reform. objective testimony savings that speaker boehner thought we should put in the deal on medicaid, for example. 800 billion-dollar figure many nothing is done until severing done. at that point we are getting closer quite done yet. there is still a chance that you should have ask the speaker, of

Detailed text transcripts for TV channel - FOXNEWS - 20110724:18:56:00

speaker boehner and tim geithner were talking about treasury secretary talking about this morning and how would you enforce the idea that if had you a commission with 12 members in place and said we want you to reform medicare medicaid and social security we want you to make these big cuts. what do you say to them if they don t make the cuts? what have we seen? even here on the edge of the precipice, these guys don t make a deal. why would they make a deal down the road you? are going to need some degree of distrust. people holding hands. both sides of the extremes blocking this deal. no tax cuts on the one hand and other hand no cuts to entitlements. that s not reasonable. did you hear the triggers they were talking about. trigger for the republicans was going to be the decoupling of the bush tax cuts and for they wanted the trigger for the democrats to be the obama mall individual mandate. i mean. that s the thing. what kind of mechanisms would you have? thank you, panel. see

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