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Detailed text transcripts for TV channel - FOXNEWS - 20110918:22:10:00

include 600 billion dollars in an automatic in automatic cuts to the pentagon. chris, the president proposed 13 trillion in new debt in his budget. clearly, we can cut 1.2 trillion. the president s planning on spending 46 trillion over the next 10 years. can t we cut 1.5 or 1.2 from that? that shouldn t be that tough. we see the super committee as an opportunity get another down payment on debt through spending cuts. where i thought we had a shot at bipartisanship was business tax reform. president says get rid of the loopholes. simple system that helps us compete. that s what i was hoping we could get. i thought the super committee might have been a good vehicle to do that. if we are going to do class warfare and try to get tax increases out of this, i don t think much can come of it. if we can get a 1.5 trillion

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