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Detailed text transcripts for TV channel - FOXNEWS - 20110127:23:03:00

Jarry and rand paul of kentucky. the debt hangs in my speech. it hangs like sword of damaclese above our head. there is no way to escape it. they must do something. at that moment, the senate budget committee was holding the first meeting of the new congress and the democratic chairman bemoaned this year s record-shattering $1.5 trillion budget as complex crisis of simple math. spending as a share of our national income is at the highest level in 60 years. revenue as share of the national income is at the lowest level in 60 years. he challenged drafting a budget man plan. republicans want deep cuts and strict spending controls arguing that the state of the union remarks about the more investment spending seemed out of touch. they were disconnected from the reality of the debt crisis that we face. ....

Senate Budget Committee , Rand Paul , 1 5 Trillion , 5 Trillion , State Of The Union , Debt Crisis , Investment Spending , Budget Man Plan ,