Detailed text transcripts for TV channel - FOXNEWS - 20121218:15:21:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20121218:15:21:00

you in a scenario where we are. in two months we are $292 billion in debt. when you read the numbers there is some positive news in it, revenues are up by 10%, $30 billion. that is 1 billion less than you'd get if you just raised the top two rates for the first year. but the sad reality is spending is up 16%. $87billion. that is where the problem lies, that's where the president has to start talking about and that's what we want to solve in the long run. an america for the children and the future that we can build and one that can create jobs. martha: that is the majority whip kevin mccarthy saying we are taking in more revenue, that is good news but we are spending way out pacing what we are taking in again in the new fiscal year and he's questioning what the white house would like to do about that situation going down the road, so nowhere is where we appear to be on the fiscal cliff. they will try to get a vote

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