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Detailed text transcripts for TV channel - FOXNEWS - 20111121:14:34:00

believe their ears. we are talking about $1.2 trillion in a 10-year time period in which we would send $44 trillion. of the $44 trillion they can t find $1.2 trillion in the budget to cut? i think it s exasperating to the people out there. the president, why do you believe he did not get more involved? because he the commander-in-chief is absent from battle. admiral mullen says debt is the greatest threat to our national security and the president is gone. can you imagine the greatest threat to our country dwarfs any other problem this nation has, just look at europe. and the president is not providing leadership,

Detailed text transcripts for TV channel - FOXNEWS - 20111120:23:17:00

but guys want to protect entitlements. they want to protect their tax cuts. the bush tax cuts. you have had three months, we have a $44 trillion that will be spent over the next decade, a $15 trillion debt, why couldn t you make a deal? guest: every land that democrats have put forward has included cuts to intimate programs. some deeper. the bigger the daily. some smaller. chris: why couldn t you make a deal? guest: for democrats we would say that there is still a deal possible but it has to be balanced. you can not say you are going to take benefits away from services that people have paid for, such as medicare and social security and not scat wealthiest members, we have 1,400 multi-millionaires who did not pay a bit of income tax in 2009, why should they escape participation when we ask seniors to help cover the costs of deficits in case of social security, they didn t cause?

Detailed text transcripts for TV channel - FOXNEWS - 20111120:21:36:00

success in cutting the debt? you mean because of the trigger? gregg: yes? either way it s going to be $1.2 trillion, but the bottom line $1.2 trillion really isn t enough. that is sort of the point. we have all of this lead-ups, that is nothing. it s not going to solve the problem whether they do it through the super committee or do it through the triggers. gregg: we re going to spend $44 trillion and we re already $15 trillion in debt. you may have the winning argument right there. thanks for doing that. i agree completely. gregg: you get to join in on the winning argument. good to see you both, thanks so much. heather: fox news alert, a new party winning elections

Detailed text transcripts for TV channel - FOXNEWS - 20111120:17:40:00

about finding a solution. it s very interesting. you were talking about the first guy, the republican co-chair of the super committee and i noticed, too, a lot of talk about past tense as if it were over. he wouldn t you know, as they in e.r. or something, they call the death. he wasn t call the death time but it really does seem very, very bleak and unless they could come up with maybe a partial deal in the next 24 hours, it looks like they re going to come up with nothing. now, they re already saying, you know, we still get the $1.2 trillion because we have the triggers and they get the automatic cuts. i think the idea that these guys and one woman had three months. that we re going to be spending $44 trillion over the next decade. we have $15 trillion debt and they couldn t come up with $1 trillion in cuts because of the political differences is really a statement of how broken this town is and i think that there s going to be a negative reaction

Detailed text transcripts for TV channel - FOXNEWS - 20111120:19:17:00

going and the government going and the budget. you guys want to protect entitlements. they want to protect their tax cuts. the bush tax cuts. you have had three months. we have a $44 trillion that is going to be spent over the next decade. a $15 trillion debt. why couldn t you make a deal? chris, every plan that democrats have put forward has included cuts to entitlement programs. some deeper the bigger the deal. some smaller. chris: why couldn t you make a deal? i think for democrats we would say there is still a deal possible but it has to be bald. you can t say you going to take benefits away from services that people have paid for like social security and medicare and not ask our wealthiest americans. remember, we 1400 multimillionaires in this country who didn t pay a single bit of income taxes in 2009. why should they escape participation when we are asking seniors to cover the costs of deficits that in the

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