Detailed text transcripts for TV channel - FOXNEWS - 2010042

Detailed text transcripts for TV channel - FOXNEWS - 20100427:13:54:00

measures to prevent the recession from becoming another depression, and at a time when millions of people are out of work, we'll continue to do what it takes to spur job creation while investing in a new foundation for lasting economic growth. but the emergency measures have added about $1 trillion to the decifit over the next ten years. as a result, even as we take these necessary steps in the short term, we have an obligation to future generations to address our long term structural deficits which hobble our economy and leave our children and grandchildren with a mountain of debt. that's why i ask congress to restore the pay as you go rule. this rule says that congress can't spend $1 on a new tax cut or entitlement program unless it saves a dollar elsewhere, it would help lead to the budget of the 1990s. in fact it was only by abandoning pay as you go that record surpluses turned into record deficits during

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