Detailed text transcripts for TV channel - FOXNEWS - 20110105:09:46:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20110105:09:46:00

>> this is -- >> i know. it's fun. >> shoe is on the other foot. this is about who will be blamed if the debt limit is not increased. when you are the party out of power as then senator obama was when he said that, you want toing may the other guys do the heavy, yucky job of rounding up vote to increase debt limit which is unpopular. now a bunch of republicans who ran on a platform that said i will not vote to increase the debt limit by one penny. people like john boehner incoming speaker says look, we have to do this. we'll be adults about this. the question is what price do new republican leadership have to pay to get enough to vote for debt increase in the limit? we don't know the answer yet. >> charles? >> it has to come up with reasonable demands on the president in terms of spending cut. if they're not outaous, which the councilmember -- outrageous, which the country will reject as impossible, but

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