Detailed text transcripts for TV channel - FOXNEWS - 2012111

Detailed text transcripts for TV channel - FOXNEWS - 20121115:16:21:00

democrats controlling the white house, the senate and republicans controlling the house. they want us to work together. the problem is the president has not yet laid out his proposal on how to deal with the fiscal cliff. his tax proposal to raise taxes on people in the two upper income brackets would generate just a drop in the bucket compared to the the difference between what we spend and what we bring in in terms of taxes. it's over a trillion dollars a year or each of the four years of his first term. so it's not a serious proposal. the campaign is over, he won, congratulations, but now it's time to govern. and the president needs to come up with a serious solution and not threaten the american people with economic pain and another recession. jenna: certainly a lot of work ahead. senator we look tord to talking to you in the next couple of weeks as we watch how this all plays out. >> thank you. jenna: thank you very much, sir. >> you bet. jon: the gop is taking a close look at its game plan after

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