• This is a rush transcript from "Your World With Neil Cavuto," March 3, 2010. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, ANCHOR: And he is a one-man stand against big-government spending, and getting a whole heap of flak for it, even reports of death threats.

    That man, Kentucky Republican Senator Jim Bunning, joins me now for this exclusive chat.

    Senator, good to have you.

    Much been happening this week?

    SEN. JIM BUNNING R-KY.: Thank you.

    No, this has been a routine week.

    CAVUTO: Right. Right.

    (LAUGHTER)

    CAVUTO: Senator, I mean, you — you have been the butt, fairly or not, of a lot of jokes and a lot of commentary over the past week. We picked some of the more interesting comments. We just want to give this a peek.

    (LAUGHTER)

    (BEGIN VIDEO CLIP)

    JON STEWART, HOST, "THE DAILY SHOW WITH JON STEWART": Talking about Kentucky Senator Jim Bunning`s ongoing effort to single-handedly (EXPLETIVE DELETED) the extension of unemployment benefits for 1.1 million Americans.

    (END VIDEO CLIP)

    (BEGIN VIDEO CLIP)

    ALI VELSHI, CNN REPORTER: I bet you Senator Jim Bunning has someplace warm to sleep tonight. But the Republican from Kentucky is almost single- handedly responsible for cutting a vital financial lifeline to more than a million down-and-out Americans.

    (END VIDEO CLIP)

    (BEGIN VIDEO CLIP)

    ED SCHULTZ, HOST, "THE ED SHOW": Is this the most heartless thing you have seen the Republicans do?

    (END VIDEO CLIP)

    (BEGIN VIDEO CLIP)

    ED HENRY, CNN REPORTER: And, here in the Senate, that lone senator who had held up unemployment benefits was finally forced to relent.

    (END VIDEO CLIP)

    (BEGIN VIDEO CLIP)

    STEWART: You hear that, unemployed people, in the middle of one of the worst recessions in history? No 30-day extension of benefits until we balance the entire federal budget to Jim Bunning’s liking.

    (LAUGHTER)

    (END VIDEO CLIP)

    CAVUTO: Senator, that was just some of the more choice examples.

    How did you feel about all that?

    BUNNING: Well, let me, first of all, say that it wasn’t about unemployment benefits. It was about paying for what we spend or paying for legislation, immediately after the president of the United States and the Democratic majority in the Senate passed a new pay-go bill that says specifically, Neil, that we should pay for everything that we spend on the floor of the U.S. Senate.

    So, it wasn’t about all the nine different short extenders that were in the bill, because I have voted for them continuously. It was about, when I went to the last Budget Committee meeting, and they showed me what the projections were on the deficit, and the Obama budget would add $1.5 trillion to that deficit just next year.

    And I looked at that, and I looked at my 40 grandkids, and I said, Jim, it’s not fair for you to pass that to your children and that to your grandkids, because it’s your generation that is spending that money. So, it wasn’t about unemployment benefits. It wasn’t about a dock fix. It wasn’t about satellite television.

    It was about paying for what we do on the floor of the U.S. Senate.

    CAVUTO: But many who agreed with you on principle wondered why you picked a fight over the jobless benefits, because even some of your Republican colleagues, sir, had said that was like was a no-win.

    BUNNING: Well, a no-win or not win, I had an agreement with Senator Reid to get an up-or-down — finally, when we got to the fifth day, we tried to negotiate, and we got an agreement to have an up-or-down vote on my amendment to pay for these things, trying to get it settled once and for all.

    And do you know what? They reneged. We didn’t get an up-or-down vote on my amendment. We got a point of order, a budget point of order, which obscures what happens. It never gives you a chance to vote up-or-down on paying for the bill. It says, oh, by the way, this — if we do this, there’s a budget point of order that lies against it. And...

    CAVUTO: But, you know, you mentioned a point of order, Senator. Now, Harry Reid could have forced...

    BUNNING: Oh, there were a lot of other alternatives.

    CAVUTO: He could have been forced a cloture vote, invoked cloture, to get the 60 votes, which apparently he had, and could have shut you up, if that was his concern. And he didn’t.

    Do you feel...