Detailed text transcripts for TV channel - FOXNEWS - 2012071

Detailed text transcripts for TV channel - FOXNEWS - 20120717:12:17:00

what is this going to do to the family budget? >> well, i mean, we do live pretty frugal the way it is. we cook at home of the i do do a lot of couponing. we're still trying to make ends meet, but ultimately, it's going to come down to paying the mortgage and buying food and if this continues, the math doesn't add up. we'll have to choose what can get paid for. >> gretchen: i want to look at the city of scranton and the cash strapped situation. the city has $133,000 in cash, but the city owes $3.4 million in vendor bills. bob, i guess this is what started the situation, where the mayor had then gone to city council and asked them to approve a 78% tax increase over three years for members of this community and the city council, most of them also democrat, the mayor democrat, said no. is that correct?

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