This can be a new rush transcript from "On the Record," January 10, 2013. This text may not be in its ultimate variety and will possibly be updated.
GRETA VAN SUSTEREN, FOX NEWS HOST: The top Republican inside the Senate Budget Committee vowing definitely not to enable White House Chief of Staff Jack Lew turn out to be treasury secretary, Senator Jeff Sessions accusing Lew connected with telling lies previous to Congress, lying around the nation's debt. He is referring into a bitter 2011 Senate hearing.
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SEN. JEFF SESSIONS, R-ALA.: You reported within your occupation interview Sunday upon having Candy Crowley, "Our budget is certain to get us covering the next several years that will the level where you can easlily glance your American individuals from the eyesight and say we are possibly not including into the credit card debt anymore. We're spending funds that we possess every year, and then we are able to work upon delivering decrease the actual country's debt."
Was that an accurate or maybe misleading affirmation into the American folks Sunday?
JACK LEW , OFFICE OF MANAGEMENT AND BUDGET DIRECTOR: Senator, I feel it can be an accurate statement which our current investing is definately increasing this debt. We complete possess awareness payments. It's planning to take us a while to figure affordable those people desire bills and.
SESSIONS: Well, you don't express that. You mentioned that, We are going to be sending affordable the debt during the period on this spending budget which all of us can glance all of them throughout that perspective and say we have been definitely not incorporating towards the credit card debt anymore.
LEW: And that's.
SESSIONS: That's certainly not accurate, is definitely it.
LEW: No, I feel it can be accurate. Our existing applications in addition to issues we could doing, in which we live making choices on, we now have ended investing money that marilyn and i do not have. We can't merely like your national debt away.
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VAN SUSTEREN: Senator Sessions brings together us. Good evening, sir.
SESSIONS: Good evening.
VAN SUSTEREN: Senator, am I suitable with my characterization this you've arrested Jack Lew of telling lies that will this Senate?
SESSIONS: Look, what exactly he came around as well as testified that will presents probably the most colossal, fantastical fiscal misrepresentation, I think in history. He stated that credit debt he or she informed the American people square on that we won't become including for the debt. We might expend simply the money that people have in addition to begin to pay off down the particular debt.
That had been utterly untrue. His finances did nothing can beat that. The most affordable deficit in eight ages that will he estimated in his or her very own amounts was $600 thousand debt and would have included $13 trillion into the debt.
Remember, this kind of had been once 2010, if the Republican House ended up being elected, plus hopefully, we all were being at the level to generate some fundamental alterations inside spending in America. And they came out with a finances that would simply just the opposite, in addition to they explained to the actual American men and women what exactly that they planned to hear, but it surely wasn't the actual truth.
VAN SUSTEREN: All right. And I'm just simply let's type of zero throughout on I'm certainly not planning to exhausted a dead horse, but at this time there it's actually a there is certainly a big change in between being mistaken as well as creating a different viewpoint as well as trying to end up being deceitful and a lie because that's a different plus where should he / she tumble within this spectrum, with your opinion?