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Detailed text transcripts for TV channel - FOXNEWS - 20110809:11:07:00

Rising to it. rush limbaugh said yesterday on his program, he said obama is a debt man walking in 2012. he went on to say obama-geddon. that s now what we have witnessed since friday. it s barack-olypse now. america just lost the triple a credit rating and now we re double a plus. there are about 10 or 12 states that are rated triple a right now. they can no longer be triple a rated. at some point, the rating agencies are going to come together and say they re getting a lot of their funding from the federal government. if they re getting federal government at double a plus ratings there s no way they can survive a triple a rating and that s going to affect millions of investors. millions of people with that in their portfolio. one of the most important things that came out of that debt deal last week was this super committee, though, and who the heck is going to be on it? to me, this is the most important thing that can happen in the near future if the ....

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