Detailed text transcripts for TV channel - FOXNEWS - 2012112

Detailed text transcripts for TV channel - FOXNEWS - 20121127:16:38:00

lower than it was year before. we're making progress. hopefully that momentum will allow us to do something really meaningful. jon: chris, like simon, some democrats said going over the fiscal cliff wouldn't be such a bad thing maybe for the short run. what do you think? >> i think woe be a huge mistake for the country. nothing else what happens with military sequestration. we have challenges with national security. we live in uncertain world where you can't allow that to occur. one thing i have to point out you can't raise taxes enough to prevent what is about to happen here and stop the deficits from moving forward. i think that is the one thing that has to be understood by democrats, you can't do this through increasing taxes. there has to be serious spending cuts put on the table. when you take those off the table before we get started it puts the process in jeopardy. jon: good discussion, chris wilson, simon rosenberg, thank you both. >> sure. jenna: for a fox extreme weather alert, a fast moving system bringing wintry weather as you see outside

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