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Detailed text transcripts for TV channel - FOXNEWS - 20110722:22:48:00

They re coequal. he said that he set forth a plan. he has set forth nothing. nor has the democratic controlled senate. as steve indicateed the republicans has offered a detailed plan. the ryan plan in the house. cut, cap and balance this time around. president offer nothing except if you go in the back room, my staff will give you ticktock, detail of everything i was supposed to have given. he has never once spoken about real cuts. lastly, what was interesting is even at the late date where he says that the fate of the republic hangs on the debt ceiling extension, he said if given a short extension of say half a year, i won t accept it. why? because he says i want this to go past election day. that is self-serving and political. he pretends he is the one who is not interested in politics. chris: we have to break ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110722:22:54:00

Today but the plan has been posturing all along. it s not a solution to budget deficit because the balanced budget amendments are full of loopholes that could have been gotten around anyway. chris: charles, i know that you and you wrote another interesting column that you advance short-term increase. go to mcconnell plan. because it has buy-in from republicans and democrats in the senate at least. increase debt limit and let president take the haul, take $1 trillion that the biden group agreed to. what do you think of that? that will ultimately pass unless republicans pass short-term, cuts only. and adjourn and go home, which obama could not veto. given the catastrophic events he predicts if there is a debt default. this is option one as a republican. if the republicans aren t going to take that chance, ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110722:22:03:00

Majority leader harry reid and majority leader minority leader mitch mcconnell to allow him to raise the debt ceiling vetoes the congressional attempt from preventing him to do so. it sounds complicated but the effect is put blame for raising the debt ceiling on the president and force three votes over the next year, three different times of debate in doing that. chris? chris: now, we have already gotten, we have just gotten while you were speaking, wendell, the two-minute warning. so folks, stay right here. we believe the president will be coming in the briefing room now in about a minute-and-a-half. what you are talking about, then, as perhaps the only thing to keep us from default on august 2 would be the so-called plan b, the mcconnell plan, as you say would give the president debt limit increase without perhaps any spending cuts. the problem has been would house republicans go along with that, because they of course are saying they were ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110722:22:53:00

This is a tremendous opportunity for house republicans to put together something, short-term plan with trillion cuts or something longer, something that pushes back the date of default to september 30 by selling bonds. being discussed in congress in the house side. right now. this gives republicans an opportunity to present the plan to say here is 219 votes. you didn t want a cut, bap and balance. short-term cut in spending matched by equal increase in debt limit? exactly. chris: charles? they vetoed that but they dare him. mcconnell and reid working on a mcconnell version with $1.5 trillion spending cut attached and that may get a second look. i want to say something about cut, cap and balance. this may be a specific plan, it s not a very serious plan. it was never going the pass the senate. they knew it all along. the president may be posturing ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110722:22:18:00

Republicans are not willing to make sure that we avoid default, then i think it is fair to say that they would have to take responsibility for whatever problems arise in those payments. because let me repeat. i am not interested in finger pointing or blame but i want facts to speak for themselves. we put forward a plan more generous to republican concerns than a bipartisan plan that was supported by a number of republican senators, including at least one that is in republican leadership in the senate. now, i ll leave it up to the american people to make a determination as to how fair that is. if the leadership cannot come to an agreement how we move forward, they will hold all of ....

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