Detailed text transcripts for TV channel - FOXNEWS - 2012100

Detailed text transcripts for TV channel - FOXNEWS - 20121007:05:23:00

earning more money, paying more taxes, that's the most effectsive and efficient way to get this budget balanced. >> jim, you may not to move to another topic. i would say this to the american people, if you believe that we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion to give you a sense, over 10 years, that's more than our entire defense budget. and you think closing loopholes and deductions for the well to do, you will not end up picking up the tab, then, governor romney's plan may work for you. but i think math, common sense and our history shows us that's not a recipe for job growth. look we have tried this. we have tried both approaches. the approach that governor romney's talking about is the same sales pitch that was made in 2001 and 2003.

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