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Detailed text transcripts for TV channel - FOXNEWS - 20140104:16:17:00

And there are a just a few honest politicians willing to say that, bill. i wouldn t eliminate all pensions or disturb the ones that have been earned but i agree with the other panelists here, that we need more transparency. so let s freeze the old style hidden cost pension and put in place a new 401(k) style pension where you see the dollars going in, let those dollars which may be very large for a teacher or firefighter, let those dollars be very visible to the workers earning them and let them be very visible to the taxpayers paying for them. it s beyond transparency. it s called cooking the books. they ve been using phony pension math for years in government that the private sector doesn t use. expected rates of return of 10% or more, that s bernie madoff territory. and to rick on this, hold on a second, rick, what is wrong with having public sector unions deal with 401(k)s like the rest of us do? actually, i think you know i ....

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