Detailed text transcripts for TV channel - FOXNEWS - 2011072

Detailed text transcripts for TV channel - FOXNEWS - 20110726:04:48:00

that it is not just the immediate debt limit increase vote that puts it at stake for a credit rating downgrade. what is arguably an even greater risk and a more long term pervasive systemic one, raising the debt limit yet again without a permanent constrain. >> sean: what happens from here? -- >> conservatives in the house and senate continue to stand their ground on the cut, cap and balance act which has passed the house. which is the only legislative proposal introduced to address the debt limit issue. >> sean: 64% of the american people support it. 75% want a balanced budget amendment. seems like the most responsible, balanced plan. i would say that's a very balanced plan. senator good to see you. >> good to see you. >> sean: our great, great american panel is next. [ male announcer ] millions of men 45 and older

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