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Detailed text transcripts for TV channel - FOXNEWS - 20110808:14:36:00

at 2017 you get to 18% spending as a percentage of gdp and balance the budget and start really reducing the debt. there are a number of things we can do if we can work together. that s the reason why standard & poors downgraded you. they don t think we can work together. bill: the political situation was not the only thing they cited. there were 9 or ten things on the list. phil gingrey thank up for your time. the georgia republican from atlanta. did we deserve that downgrade? what do you think? we ask that question, yes or no. more than 96% of you say, yes we live beyond our means. thousands of sroebgs so far. you can log on right now. ali. alisyn: syrian government forces opened fire on mourn earns at a funeral as the brutal crackdown intensifies. 300 died in the last week alone

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