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Detailed text transcripts for TV channel - FOXNEWS - 20100219:12:25:00

Root, 2008 libertarian vice presidential candidate. good morning to both of you. good morning. what we re talking about here is the washington post had an editorial yesterday and they said that by creating this debt or deficit commission, what that does is the president says ok, republicans and democrats, go out there and figure out what to do with the debt. they re going to come back and say we re going to have to raise taxes and he s going to say, ok, you know what? my hands are tied. only way to solve things is to go ahead and raise taxes. what do you think? well, look, they were supposed to create a commission themselves and they couldn t get it done. right. what does obama does? he has to create this executive order and do it himself. now, everybody is complaining they don t want taxes raised. everybody is complaining they don t do you think they should raise tax? i don t know. i don t know what we should do. i m not sure to give you the answers. you are a perf ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100219:12:27:00

she makes that point. those are some of the numbers out there right now. the problem is washington has gotten so bloated and they take more money because they can. the problem is washington. you know what the difference is between washington and las vegas? in vegas, the drunks gamble with their own own, steve. that s the problem. it s the republicans, it s the democrat. it s the system. it s the bureaucrats. it s the beltway insiders. they don t know how to tell the truth and they don t know how to not raise taxes. you know how much i believe obama today? the same way i believe tiger woods later today when he said i won t cheat again. another low blow. exactly. as we now have a commission of bipartisan commission, both sides. but the president does them himself. he s the boss. he can say look he does it himself, what s going to happen? the republicans are going to cry like babies like they ve been doing are for the past year, there s no transparency. so obama says, you ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100219:12:24:00

welcome back on this friday. remember when president barack obama promised not to raise taxes on any familes earning under $250,000 a year? remember? under my plan, no family making less than $250,000 a year will see any form of tax increase. if you make less than $250,000 a year, your taxes will not increase one single dime. you won t see your taxes increase one single dime. not your payroll taxes. not your income taxes. not your capital gains taxes. nothing. so with president obama yesterday creating a debt or deficit commission to tame the growing federal debt, will that ultimately mean higher taxes for all of us? joining us now for a fair and balanced debate are attorney tammy holder and wayne alan ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100219:12:20:00

The tea party people preach those four principles. there are groups in the republican party, clayton, that want to co-op the tea party people and there are groups in the tea party people that want to take over the republican party so this is a bit of a battle. for the heart and soul of this party. you know, i was at the first cpac. i don t even want to tell you how long ago it was but the president was richard nixon. there were 125 people here. last night, there were 2500. wow. ok. well, we know there s a resurgence there at cpac there this year. judge napolitano, always great to see you. have a fantastic weekend. see you monday, guys. thanks, judge. coming up on the show, now that president obama has created a debt commission, will he be able to dodge his campaign promise of no new taxes. fair and balanced debate coming up. remember how former massachusetts governor mitt romney was roughed up by somebody on a flight last week, we may know who the culprit is. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100219:12:26:00

Spending. what so what do we do? a small percentage of this discretionary budget. the problem is we re giving washington too much money right now. let me tell you something, what s the problem in greece, their taxes are far higher than us but they owe more than us. their percentage of g.d.p. is over 12%. that s debt. the answer isn t raising taxes. the answer is cutting spending dramatically. i m a small businessman. pull in the purse strings. dramatic cuts. republicans, they re going to go to the table which i don t think they should. if they go to the table, they have to come with a specific detailed plan to dramatically cut spending and that s where the debate should start. how much you re going to cut. ok, how are you going to cut spending when health and human services has a $901 billion discretionary or amount and there s only $79 billion discretionary, when we re talking about how much we can cut, where are we going to cut? that s a huge problem. ....

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