Hot! Why Jack Lew Must Never Be Treasury Secretary Interviews On The Record

This is usually a speed transcript from "On the actual Record," January 10, 2013. This message most likely are not around it is very last type and may often be updated.

GRETA VAN SUSTEREN, FOX NEWS HOST: The best Republican from the Senate Budget Committee vowing to not ever make it possible for White House Chief of Staff Jack Lew develop into treasury secretary, Senator Jeff Sessions accusing Lew of telling lies before Congress, telling lies around the nationwide debt. He is definitely mentioning a bitter 2011 Senate hearing.

(BEGIN VIDEO CLIP)

SEN. JEFF SESSIONS, R-ALA.: You reported with your interview Sunday on with Candy Crowley, "Our price range will certainly find us on the following not too long concise where we can look that American persons within the vision and point out we are possibly not introducing to the personal debt anymore. We're spending money that marilyn and i have every single year, then you can easlily develop taking down the national debt."

Was that will an exact or misleading record for the American folks Sunday?

JACK LEW , OFFICE OF MANAGEMENT AND BUDGET DIRECTOR: Senator, I consider it's an accurate report this each of our current spending will not be improving that debt. We do have attention payments. It's about to require all of us a although to be effective decrease those people interest payments and.

SESSIONS: Well, an individual failed to point out that. You mentioned that, We are going to be bringing down the credit debt throughout the period on this finances and also that individuals can look them within the observation plus say we're not introducing towards the credit debt anymore.

LEW: And that's.

SESSIONS: That's not accurate, will be it.

LEW: No, I consider it can be accurate. Our present products along with items we could doing, this we are making conclusions on, we are now halted wasting funds that will most people you should not have. We are unable to just wish the countrywide unsecured debt away.

(END VIDEO CLIP)

VAN SUSTEREN: Senator Sessions brings together us. Good evening, sir.

SESSIONS: Good evening.

VAN SUSTEREN: Senator, am I correct in my portrayal that you might have falsely accused Jack Lew connected with spread to the Senate?

SESSIONS: Look, what exactly they arrived in and testified to symbolizes the best colossal, fantastical fiscal misrepresentation, I assume with history. He claimed that will personal debt he or she told the American folks rectangle with that him and i will not be adding for the debt. We would certainly shell out exclusively the bucks that him and i have got in addition to begin to shell out along the actual debt.

That had been utterly untrue. His budget did nothing like that. The lowest debt in a decade's in which he or she expected throughout his or her very own numbers had been $600 million deficit and would have extra $13 trillion into the debt.

Remember, that ended up being following 2010, if your Republican House seemed to be elected, in addition to hopefully, i was at a stage to produce quite a few fundamental changes in paying within America. And some people ended up which has a budget in which did simply just the particular opposite, and he told the American people just what exactly these people were going to hear, but it was not this truth.