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Detailed text transcripts for TV channel - FOXNEWS - 20121231:14:51:00

conversation enough about spending by addressing the revenue issue earlier and getting it off the table so they could focus on making the same point, that the bipartisan debt commission made itself, the majority of the problem with our debt and deficit is driven highly by entitlements that are out of control that need to be restructured and out of control spending in washington. they put it for $4 in spending cuts to $1 this revenue you could balance this budget and i certainly hope that is the conversation we begin to have during the debt crisis negotiations. gregg: this is how exciting i am. i reread, especially the erskin bowles portion of it and three to one. i won t bicker. slightly more than three. i m averaging up, you re averaging down. gregg: i ll quote him if you want. be my guest. gregg: thanks, guys. heather: we have potential breaking news on deal front, republican u.s. senator jon kyl, quote, a lot of progress on fiscal cliff talks as those discussions ays w. see the

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