Detailed text transcripts for TV channel - FOXNEWS - 2012122

Detailed text transcripts for TV channel - FOXNEWS - 20121220:05:06:00

our one check and balance -- and that case has not been made. what's wrong with making the case that they are the party against generational theft? i think that's a winning issue for any party that makes that case. >> thanks for having me on. it was a very powerful introduction. you are exactly right. here's the fundamental problem. i recognize the difficult position that the speaker's in now, if january,ing nothing happens, we go over the fiscal cliff. but i are right in the point we are making. this is the great flaw in all of these arguments that the president's making that i wish more people were talking about. if you raise taxes on the wealthiest americans, who he calls the wealthiest merv, people making $250,000 or more, if you raise it 100%, that doesn't solve anything. the proposal doesn't solve anything. it creates a bunch of problems. i explained this to someone i met, someone who works at a law firm and said to me, yeah, let

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