Detailed text transcripts for TV channel - FOXNEWS - 20121213:21:50:00
>> look, i've been for bowls simpson and -- the outline, not the specifics. what they said is we need to deal with entitlements, we need to strengthen social security and medicare and make sure they're sustainable. >> neil: their ratio was $3 in spending cuts to 1 dollar in revenue. what do you think this will be? >> actually, frankly, as you probably know, neil, the bowles simpson proposal was closer to 2-1 than 3-1. >> neil: do you think the final package will be 2-1? >> i don't know. i know this, that frankly we ought to stop talking about the politics or ideology. we have a math problem in...