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Detailed text transcripts for TV channel - FOXNEWS - 20110208:23:43:00

Telling their republican senators in congress people that this sounds good to them. bret: charles? i think that is right, but that s because it s trivial amount of money. $1.3 trillion is the interest on the loan that the feds have given the state. the feds are foregoing. when you think about the federal budget next year, $1.3 billion, where the deficit alone will be $1.5 trillion, that s less than a tenth of 1% of the deficit. so, it s not a lot of money. bret: at first you said, $1.3 trillion. you meant $1.3 billion. sorry. $1.3 billion that the states would be paying now on the interest of the loans received. bret: in the shadow of a $1.5 trillion budget deficit for the year. thank you. i was only off by three decimal points. so it s a small amount of money. but i think the reason there might be a fight over this is that you ve got to ask yourself at what point does the federal government stop ....

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