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Tune in to Fox News for Complete Coverage of the Devastation in Moore, Oklahoma

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Tune in to Fox News for Complete Coverage of the Devastation in Moore, Oklahoma

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Tune in to Fox News for Complete Coverage of the Devastation in Moore, Oklahoma

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Tune in to Fox News for Complete Coverage of the Devastation in Moore, Oklahoma

//

Tune in to Fox News for Complete Coverage of the Devastation in Moore, Oklahoma

//

Tune in to Fox News for Complete Coverage of the Devastation in Moore, Oklahoma

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Insults Fly in Heated Exchange Between Juan Williams and Karl Rove

Things got quite heated between Juan Williams and Karl Rove during a Fox News Sunday panel discussion on the differing economic plans presented by President Obama and Mitt Romney.

Watch the two duke it out and read a transcript of the exchange below.

WILLIAMS: Well, I think that all the Romney advisers say he's got to put more meat on the bone. But I thought that this speech this week was a good speech...

WALLACE: You're talking about the president.

WILLIAMS: The president's speech in terms of framing the alternative and saying very clearly -- this picks up on what you said in introducing this, Chris, that if you ask Mitt Romney about what are your ideas for making this economy take off, Mr. Romney? He says, more tax cuts, personal tax cuts, corporate tax cuts, oil drilling and gas exploration, especially XL pipeline which produce about I think 6,000 jobs that is the not going to turn around the American job scene. So these are his ideas. And then you say, and how are you going to pay for these tax cuts? He doesn't say it. He doesn't lay it out. He doesn't say here's exactly the programs that I would cut, instead he embraces the Paul Ryan plan and that puts in place fears that many people that have that in fact he would disassemble Medicare and Medicaid. This is dangerous stuff. And I think if the president pursues that aggressively then he has a chance to create and define Mitt Romney early and not make this a referendum on Barack Obama's performance, but make it a contest in which people say, you know what, the alternative is unacceptable.

WALLACE: Karl, I'm worried that you're shaking your head so vigorously it's going to spin right off.

ROVE: Juan needs to make up his mind. Either Romney is not laying out a plan, or he's laid out a plan that's similar to the House Republican budget that does all kinds of bad things. Make up your mind. Romney has a plan that reduces the deficit. Romney has laid out a framework for tax reform, not tax cuts. He said I want to lower the rates and pay for it by getting rid of deductions and unnecessary preferences in the law.

WILLIAMS: He wants to make it permanent.

ROVE: You know what, no he doesn't. What he want to do is pass tax reform. Pay attention. You know you sound like Obama. I'm giving you an honest presentation of what he is proposing. And then went on and did not say a single honest word about what Romney was proposing.

WILLIAMS: And you're so honest and saying, oh he's all about deficit reduction when he doesn't say exactly... ROVE: Wait a minute, wait a minute, Juan, make up your mind. He's endorsed that terrible House budget which reduces the deficit according to the Congressional Budget Office.

WILLIAMS: No, it doesn't.

ROVE: Yes, it does Juan.

WILLIAMS: It doesn't reduce anything. It doesn't say, Karl, where I would make cuts in order to reduce...

ROVE: Yes, it does. It says for example will slow the future growth of Medicare spending for $450 billion here to $600 billion here.

WILLIAMS: You need to read.

ROVE: I read it, my friend. WILLIAMS: Oh, stop.

ROVE: I read it. Be happy to send you a copy of it. I will get it autographed by Paul Ryan.

For the full Fox News Sunday transcript, click here.

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