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Detailed text transcripts for TV channel - FOXNEWS - 20101220:15:31:00

Important issue in the united states, and, certainly, the largest threat to the u.s. economy. why aren t people paying attention. because they don t pay attention until they have to. bill: and now they have to, stephen moore, senior writer for the o wall street journal with me now, and you have been talking about it for a year-and-a-half. i was going to say, it s not a news flash to me or people who are regular readers of the wall street journal or regular viewers of fox news, we have been sounding the alarm for many, many months, and, it is correct that we have the remember the financial bubble that burst with the high technology stocks, and in 1999 and, the housing bubble burst in 2008, and i believe the next big bubble to burst, in the u.s. economy, will be not just those state government deaths, but, also, municipalities, we re talking about cities around the country, from city to chicago to los angeles, and, are not going to be able to pay for these enormous public ....

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