Detailed text transcripts for TV channel - FOXNEWS - 20110118:00:31:00
>> they should not raise the debt ceiling. i believe they should pass legislation, allow them to sequence the spending as revenues come in to make sure they don't default and have the debate about what other spending can be reduced. >> the president's aides say bump into the 14.3 trillion-dollar ceiling as early as the end of march and rolling back spending to 2008 levels would only buy us a couple of weeks. they practically dare republicans to get specific about what else to cut. >> let everyone come forward with their vision of where do we think there should be cuts? how should we address th...