Detailed text transcripts for TV channel - FOXNEWS - 20110117:07:12:00
Unwillingness to join shared sacrifice. >> chris: so what do you do? let's take a look. at the financial situation that you face in new jersey. have you unfunded pension liabilities, state workers, supposedly a $54 billion. some say it's triple that. new jersey ranks number 48 among states and business tax climates. we just saw illinois raise personal income taxes by 67% to raise corporate taxes by 45%. you're not going do that. how do you get out of the crunch? the terrible debt you're in? >> last year we cut spend big 9% in a year cutting every department of state government. we were, before...