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Detailed text transcripts for TV channel - FOXNEWS - 20131017:01:06:00

which wasn t dealt with. you say the debt wasn t being paid down. it s getting worse. it uh s growing especially with the long-term entitlement programs and unpaid for promises known as liabilities. that $17 trillion number scratches the surface. that s the official number on paper. when you take those extra promises that we have already made to the american people and have no way of paying for, the number is closer to 90 trillion dollars. according to to several member s of president clinic top s debt commission from the early 90s. there is going to be a conference committee. one of the elements of the deal that passed the senate is the house and senate will both appoint conferrees, sit together for the first time in four years and try to actually hammer out some agreement that deals with the spend ing and debt issue. we ll see how it goes.

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