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Detailed text transcripts for TV channel - FOXNEWS - 20110806:20:34:00

To happen is a balanced amendment to the constitution. rick: s&p said they wanted them to know that they wanted to see $4 trillion in cuts, and it could have gone if the republicans, it would have met raising taxes but they would have gotten that $4 trillion number and our credit ratings may have not been downgraded. should a deal have been worked out to avoid this? no. it would have been $4 trillion cuts should have been negotiated but important tax hikes on top of this deal would not have been the right approach to take. i agree with president obama outline a couple years ago a down economy is worst time to raise taxes. that isn t the solution because revenue isn t the problem. spending the is problem. that is where the cuts need to happen. rick: southwest a lower ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110806:20:35:00

Credit rating the same as a tax hike, we re going to get slammed with higher interest rates when we borrow money. what is the difference? that is not this is a good thing. all i m saying it s unreasonable to suggest that a tax increase was wait out of this problem. the way out of it was significant can you tell us. i actual bli believe cuts alone wouldn t do it. they have to be accompanied by statutory spending caps and constitutional amendment restrigt go borrowing power. rick: have you raised your hand to serve on the super committee in order to come up with new cuts? no, i have not. i ve been told that those like me that voted against the under lining legislation will not be considered. rick: do you think the credit rating come reply indicates the job for those that serve on the committee? it certainly accelerates the ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110806:20:16:00

it s a scary situation where people had planned and plotted to go to school on opening day, begin with killing any police officer or sheriff s deputy that tried to stop them and take weapons to school and kill their fellow students. heather: the boys were identified as students and faculty member that they planned to kill. the suspects are being helped in juvenile detention. rick: flash mobs turning violent all over the country. this is one we can show you video. a police in philadelphia, things have gotten so bad the city is taking steps to try to credit the problem. to combat the problem. julie: they started together like for pillow fights and ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110806:21:39:00

Assigning more law enforcement to the downtown area, enforcing the curfew already in place, and warning parents that they will be held legally responsible for their children s actions. philadelphia officials have begun getting help from the federal bureau of investigation to monitor social media networks. but that is harder than you might think. police officials are finding is that it s not twitter or the other social media. it s really individuals texting other individuals who then text four, five friends. it s almost a phone tree that sprouts out and before you know it, you ve got 20 or 30 kids congregating on the corner of x and y intersections. flash mobs are not unique to philadelphia. in six months, they have become frequent in other cities, from new jersey and washington, d.c., to chicago, chattanooga, las vegas, and st. paul. it really is a nationwide problem. heather: thank you very much, julie banderas reporting. rick: dramatic video of a ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110806:20:45:00

All of this. barney franks, of massachusetts he was overseeing everything when we had the big crash, if want to call it that. he said this will get people together. what irony on that. they said the s&p and standard & poor s was trying to make themselves relevant, as well. this is no surprise they are telegraphing you have a serious problem and it s the animosity of members of congress. you have to work together the way the plan works. you have only the $900 billion and $1.12 trillion, second part you have to continue to work and have a dialogue together and now, of course, s&p says we re not confident we re going able to pull this off. $1.2 trillion up to super congress. and how do we know they will be ....

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