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Detailed text transcripts for TV channel - FOXNEWS - 20121127:20:22:00

mostly through lowing loopholes. and now from capitol hill, the solution needs to all of the above approach. guest: two former republican congressman wrote in the wall street journal when you consider all the federal government liabilities, our debt is more like $8.6 trillion every day you have the baby boomers retiring and meeting the benefits so a key senate republican says entitlements must be part of the negotiations if you solve the problem, there is no question you are going to need some revenue but you can take all the revenue and it would not solve the problem. so, the real answer is, we have a demographic shift that is coming into entitlement programs that have increased their benefits without increasing the taxes to pay for the entitlement programs. though are bankrupt. essentially. we have heard a lot of people say over the course of the campaign people love medicare

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