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Detailed text transcripts for TV channel - FOXNEWS - 20110528:14:17:00

Prices. bthey are ba b gary high we woaithe p i m sorry, and bob en, what this would mean is that we will be he bying higher interest rates. hink mean, what does i us? oh, it s a doomsday scenario, and you know, e bctualll absolutely correct and i have to pause when i say that. they donesn te now anything abot inflation, but they ve got this right. and this is a and e, oechowlll if we phrase this thing. look it. think about a trillion dollars, i donesn want the trillion dollars because think about this, we spend 3.4 is thistelion the year, so overn years, if all we do is stay on the same path. 1 trillionrom that. that means all we can find 2 to tony 2.9%. t, no, you don t. and the military, get get rid of the redundancou. there are 342 econoeve,c development programs. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110528:14:07:00

Price of everything is gthe prn up. omyc you look at the official report for the bureau of labor statistics and break down every single kais thiina. and goes through, yeah, okay, fine, up poultry is up, but the price of nous cars is down. he says, okay i don t eat new and everything that the people are bve toing to eat is up. and everything for transportation is uron that s the only thing they do every day is transportation and food. hold on a second. all the one-off things don t matter. bob, hold on a second. ppou pay moyou tgage, you pay moyou tgage, in my case, my property taxes are down. that s a much bigger percentage of my monthly budget than food is. but the number how do you counter that. ppou gee got to look at the complete basket of what people spend. brenda: hold on, dr. bob, ppou can re, oon look, the issue is, in the entire basket, gary, yes, there are some components that are coming down and if everyone was out there buying a new comp ter or bve toin ....

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