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Detailed text transcripts for TV channel - FOXNEWS - 20121114:21:56:00

it s like i m seeing the disaster playing out in slow motion. i d love to be wrong, but i think we are sinking fast and we haven t hit anything yet. we are steering a scary course. little more than five weeks away from thehip hitting the sail. republicans and democrats are doing it. maybe something is going on behind the scenes. i m not seeing it. i am seeing a lot of iceberg. iceberg one, talking about the president not only sticking to his tax the rich, he is doubling down on it. insisting $1.6 trillion in re-knew as part of any end of the year budget fix and the economy can more than deal, though it is weaker than it was two weeks ago. when he delayed the hikes because at the time it was fragile and he couldn t deal. go figure. iceberg two. democrats want to go much further on tax hikes. that means not just higher rates on wealthier taxpayers, but shaking them down for still more dough limiting their deductions and write-offs. iceberg three not a hint of

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