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Detailed text transcripts for TV channel - FOXNEWS - 20121222:17:45:00

That. that is interest that our country pays on our day every day. even by. we can t keep borrowing ore we ll be like europe. this is not a classroom exercise. look at wuper and see what happens if we continue down the path that. is a place we don t want to g. the budget director puts the bilk on medicare and medicaid and social security. they will drive federal spending up faster than our economy can grow . revenues will not keep up . so we have a problem. if you don t have enough revenues to pay for the spending, you have to borrow and on the track that we are on. if we go on doing who what is in the law over the next several decades. ....

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