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Detailed text transcripts for TV channel - FOXNEWS - 20130806:17:18:00

Borrowed too much and cannot repay and pensions above all else, pensions are the killer. they have a teacher s union fun in collapse and four other pension funds have a liability of 19 billion. and what is ra m emmanuel going to do? he has to taken on the unions and beat back the pension and he will not get help from the state of illinois and he can t raise taxes they are sky high already and this is what you alluded to will not get a bail out from president obama. you don t think so. if the president helps detroit, he will have to help chicago and other cities that are hurting because of pension obligations. if, manual cannot get concession from the union, big- time pension concessions, that is bankruptcy. there is political ....

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