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Detailed text transcripts for TV channel - FOXNEWS - 20121231:00:32:00

We re right back where we started because of this setback and these two sides are now breaking up. they ve gone home. well, in some respects we re back further than we were. it was very remarkable this afternoon when we heard there was a major setback as they start today talk about this changed cpi, change to the the consumer price index and the way they would calculate it for entitlement benefits. that s very serious, it s almost toxic to democrats and the democrats immediately decried this as a poison pill. and again, just how quickly things have changed throughout the day. democratic senator of maryland says it s like a kaleidoscope, you look one minute and see a picture and a few minutes later, a different picture. sometimes it s a pretty picture, sometimes it s not a very pretty picture, i was struck by opening remarks today when the senate came to session by the senate chaplain barry black. rarely do you hear them sort of get involved in politics and there is so much to do on ....

Harms Way , Entitlement Benefits , Poison Pill , Consumer Price Index , Barry Black ,

Detailed text transcripts for TV channel - FOXNEWS - 20121231:03:32:00

Started because of this setback and these two sides are now breaking up. they ve gone home. well, in some respects we re back further than we were. it was very remarkable this afternoon when we heard there was a major setback as they start today talk about this changed cpi, change to the the consumer price index and the way they would calculate it for entitlement benefits. that s very serious, it s almost toxic to democrats and the democrats immediately decried this as a poison pill. and again, just how quickly things have changed throughout the day. democratic senator of maryland says it s like a kaleidoscope, you look one minute and see a picture and a few minutes later, a different picture. sometimes it s a pretty picture, sometimes it s not a very pretty picture, i was struck by opening remarks today when the senate came to session by the senate chaplain barry black. rarely do you hear them sort of get involved in politics and there is so much to do on ....

Entitlement Benefits , Poison Pill , Consumer Price Index , Barry Black ,

Detailed text transcripts for TV channel - FOXNEWS - 20121210:15:16:00

And the reason is this. for a longtime, martha, we were able to increase entitlement benefits, keep taxes relatively low, because the economy, over time, grew fast enough to produce enough revenue to mean that we could kind of have it both ways. those day, at least for now, appear to be over. and we are increasingly borrowing to cover our governmental expenses and our entitlement state and all the rest of it. and it s an unsustainable debt burden. how hard it hits us is a matter of some debate or how soon. at this point we will not be able to go on like this. this sort of model if you could call it that is broken and it s going to mean there is a long struggle here to finance the government and get control of the debt, and i don t see it ending any time soon regardless of what happens here. martha: a lot of people talk about leadership and what they see as a lack of leadership on ....

Entitlement Benefits , Entitlement State , Debt Burden ,

Detailed text transcripts for TV channel - MSNBC - 20111220:12:33:00

Trillion dollars a year by doing nothing and people are talking about let s do these things to give tax preferences or spend more money and just pay for it. look, we re in a deep hole. we can t just pay for things. we have to figure out how to have a plan to put our finances in order. look, i m a member of the come back america initiative board. i salute what the comptroller has done and is doing. you know, we haven t we act as if this is almost impossible. we ve had a number of suggestions and recommendations over the past several months, probably the most prominent being the simpson/bowles recommendations. i think which in many ways talk about changing the tax code but asking the wealthiest and those who are most fortunate, most blessed, to give up some of their entitlement benefits. we talk about it as if it s impossible to do. it can be done. the question is whether or not the to joe s point and mika s point is when will elected officials have the courage to do it? they had m ....

Tax Preferences , Deep Hole , America Initiative Board , We Haven T , Entitlement Benefits , Tax Code , Joe Biden , Mark Mckina ,

Detailed text transcripts for TV channel - MSNBC - 20111102:14:10:00

the clock is ticking. and i m sure you know that one of the things erskine bowles said is he s afraid you ll fail. what are the chances of that, congressman? there s always a chance to fail. but with every chance to fail is a chance to succeed. so i would say to mr. bowles and everybody else, yes, there s a chance to fail. but there s also a chance to succeed. and i am the eternal optimist. i believe, as my state s motto, as i breathe, i hope, i believe that we are going to get to where we need to be with time to spare. your colleague, jan schakowsky of illinois, is worried about the clashing of entitlement benefits. and she told the hill, a bad deal is worse than no deal. would you rather let cuts go into effect than, say, raise the age for medicare? i m not a member of the committee that says we ought to raise the age for medicare. i ve spoken out against it time and again. ....

Joe Wilson , Erskine Bowles , Jan Schakowsky , The Hill , Entitlement Benefits ,