Detailed text transcripts for TV channel - FOXNEWS - 20110117:12:16:00
With spending that has already taken place. and we dont want the united states of america to default so we understand that its going to be necessary for us to increase the debt ceiling but having said that, we should not do it without getting absolute ironclad commitments that we are going to be cutting spending. we have a $14 trillion debt that exists today and its overwhelming. being passed on to future generations and the american people on november 2nd told us we absolutely have to do everyt...
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