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Detailed text transcripts for TV channel - FOXNEWS - 20101223:21:10:00

Debate will answer the urgent question: how do we cut spending we did not know and still make investments we do need? reaction now, from former white house senior advisor karl rove. the president is feeling like he has won some battles in the lame duck session of congress. should we expect him more fired up, and more tenacious president in early 2011? guest: i suspect we will. he is ready to run for re-election and made a decision the way to run for re-election is picking fights with the republicans and trying to put them into a corner and box them into blind canyons and hope to win but that is interesting, a guy who expanded the budget of the united states by 24 percent between january 20 and october 1st of last year, and who if you include the stimulus, increased the baseline of spending by 84 percent and now he is saying we will have a fight over spending and i will be willing to cut a little but if we invest more and spend more, cut a little and spend more we have a big battle

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