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Detailed text transcripts for TV channel - FOXNEWS - 20110730:22:37:00

American economy more than it has been under barak obama is to have serious spending cuts. whatever we have to do to make congress actually do those spending cuts, we have to be serious about it and do them. rick: congressman i think what mcconnell and reid and what mcconnell and boehner are saying to their fellow republicans, declare victory, you ve won, you ve won, 80 or 90% of what you wanted. so it s time to declare victory and go on. they don t seem to be capable of doing that. rick: congressman, i want to ask you, we have a little time left. you wrote a pretty scathing piece for politico in which you compared the tea party to the taliban. is that going a bit far? i was trying to point out that they re inflexible. the taliban, as you know, blew up centuries old statues of buddha because they wanted to be religiously pure, just as the tea party has threatened to bring down the government economically by not agreeing to raising the debt ceiling unless they get 100% of what ....

Rick Folbaum , Luckily Congress , President Obama , Spending Cuts , Harry Reid , Negotiations Go On , What Mcconnell , Declare Victory , Tea Party , Debt Ceiling ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:22:18:00

Not likely to be ratified by the state. so i do think we should have a full and open debate about a balanced budget amendment and whether that s the best way to manage our finances going forward and there are a number of republicans who have urged that and i do think that is something we may very well end up doing. rick: what are the other elements, i apologize for interrupting. one of the other elements in the house version is this sort of trigger mechanism that would require the congress to get back at this all over again six months from now. if that were to work its way into a senate version, is that something that you could be in favor of? there is two different approaches. the boehner approach, the house approach, was to require six months from now to come back and do this whole thing all over again where it is the debt ceiling, the sovereign debt of the united states that s at risk. what many of us here are negotiating or talking about is alternative triggers, things that wou ....

Balanced Budget Amendment , Rick Folbaum , Luckily Congress , Trigger Mechanism , United States Senate , Debt Ceiling , Board Spending Cuts ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:22:34:00

Maybe you can help me with this. i m a little confused. the republican leaders say that they talked to the president and that they feel optimistic. then the democratic leaders talked to the president and they say that they are not optimistic that a deal could get done. is the president sort of trying to weave a line here and maybe do an end around when it comes to democratic leadership in congress? i don t think there is an end around. i think that everybody wants to keep talking and the key here is there needs to be flexibility. people have to be willing to say, okay, i m not going to get 100% of what i want. where is the middle ground? what is one party get, what does the other party get? no one knows how this will turn out. i am encouraged by the fact that the republican leadership has said they do not want to default. they want to work this out. it s not easy. you have a majority of democrats in the senate, so the president can t work around the democratic leadership. i hope they ....

The Democrats , Luckily Congress , Tea Party , No One , United States Senate ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:22:35:00

Before august 2. rick: david, as you take a look and listen of what s been going on the last couple of hours, what s your take away. the take away is that finally we re talking about spending cuts and not tax increases. thankful many people want to be critical of the tea party, but had it not been for that movement that occurred last election, we wouldn t be talking about purely spending cuts. we would be talking about tax increases. in fact, the only person talking about tax increases is barak obama. luckily congress is talking about how do we cut spending to match the debt ceiling increase that we need to do and make it real cuts? not the business as usual, let s talk about spending cuts, but not actually do them. thank goodness we re actually talking about spending cuts right now. rick: go ahead, sir. let s be clear, the democrats in both the house and the senate have agreed that revenues, taxes are not on the table with this round. they may be on the table later on and furt ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110730:22:32:00

Group of lawmakers, in the president s mind, may be acting in more of a bipartisan fashion. democrats in congress and some senate republicans have been listening and have shown themselves willing to make compromises to solve this crisis. now all of us, including republicans in the house of representatives, need to demonstrate the same kind of responsibility that the american people show every day. the time for putting party first is over. after that meeting at the white house this afternoon, senator reid said that they are not any closer to a deal. arthel? arthel: so did the president meet with republicans today? senate minority leader mitch mcconnell said he spoke by phone with the president and the vice president today and he came away feeling, quote, confident and optimistic that we ll get an agreement in the very near future. house republican speaker john boehner says the president needs to, quote, tell us what he s for, in essence what he will sign. but he also had a compl ....

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