Detailed text transcripts for TV channel - FOXNEWS - 20121211:23:35:00
Was talking about and they are absolutely embedded in law and there is no question about them. >> the problem with that is that congress has done nothing to put legislation in place to cut spending to meet those caps. and that's one of the reasons that we're now in the fiscal cliff. >> baseline budgeting has been used by both parties since 1974. allows republicans to exaggerate claims of frugality. allows democrats to expand the growth of government. either way accounting trick that no family tried to balance its checkbook could ever get away with. bret? >> bret: british bank sbc has agreed to...
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