Latest Breaking News On - Pay go - Page 17 : comparemela.com

Detailed text transcripts for TV channel - FOXNEWS - 20100213:22:05:00

this pay go? hi. pay as you go, or pay go, forces congress if it wants to spend a dollar here, it has to cut a dollar there, or tax us one dollar more. president obama signed pay go into law last night. and today the president said in his weekly radio address, this is, quote, a common sense rule. here is more. it was this rule that helped lead to balanced budgets in the 1990s by making clear that we could not increase entitlement spending or cut taxes simply by borrowing more money. it was the abandonment of this rule that awill youd the previous administrations and previous congresses to pass massive tax cuts and drug programs without paying for any of it. the president says pay go is the way, quote, responsible government manages a budget. gregg? i m sure republicans are calling the president a hypocrite over all of this, given the spending since he took office. why do republicans, though, oppose the pay go? republicans have long opposed

President obamaRadio addressPay go into law last nightOne dollarCongress to quoteEntitlement spendingCommon sensePay goTax cutsAwill youd

Detailed text transcripts for TV channel - FOXNEWS - 20100213:06:08:00

$12 trillion in debt and asked the bank for more. nobody would ever allow that to happen. the debt wouldn t be so profoundly horrible if it were all contained internally. but the problem is, other countries are picking up our debt. you ve got china, $800 billion. and it s not particularly good. doesn t put us in a position of strength when we have to say, look, we owe you $800 billion, but by the way, will you mind helping us with iran and a nuclear power plant? we re sort of pathetic trying to sort of ask them for so many things. yeah. when you re in a creditor debtor situation, you want to be the creditor. you don t want to be the one who you owe. we owe $800 billion. that will go up a lot in the next five or ten years when we borrow another $10 trillion if we stay on the course we are. then it could be trillions of dollars we owe to the chinese. i do worry about that as an economist. pay go, what s that? basically the what we should have had was real budget reforms here. i

Wouldn t12 trillion2 trillionBipolar depression doesn tNuclear power plant00 billion800 billionCreditor debtor situation10 trillion0 trillionBudget reformsPay go

Detailed text transcripts for TV channel - FOXNEWS - 20100213:23:05:00

Detailed text transcripts for TV channel - FOXNEWS - 20100213:23:05:00
comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.

Pay go doesnt mean congressThe democratsDebt ceilingPay goReinstituted pay go9 trillion1 9 trillion14 3 trillion4 3 trillionNancy pelosiHouse speaker

Detailed text transcripts for TV channel - FOXNEWS - 20100213:22:06:00

pay go, gregg, because they say it doesn t force congress to cut spending. it allows lawmakers to increase taxes to pay for programs they want to fund. and they say the way to get the government s ledger books under control is to rein in that spending you were just talking about. one republican in particular targeting wasteful spending. tell us about that. oklahoma republican congressman called for hundreds of duplicate programs to be consolidate. congress did not go that far, but rather voted to commission the gao to study the matter and today in the washington times, tom mccloskey and formerly with the national taxpayers union said the gao has already done some of that, writing, quote, in 2000, the gao published a report that found 69 early education programs were being administered by nine agencies. and warned that such duplication would lead to ineffectiveness of the programs original intent. five years later, the gao revisited the situation and once

Gregg couldn tDoesnt force congressPay goLedger booksCongress to quoteWashington timesTom mccloskeyNational taxpayers unionPrograms original intent

Detailed text transcripts for TV channel - FOXNEWS - 20100212:21:00:00

Detailed text transcripts for TV channel - FOXNEWS - 20100212:21:00:00
comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.

Man aliveDebt limitBreaking newsMike huckabeePay go