Detailed text transcripts for TV channel - FOXNEWS - 20121119:06:08:00
>> 20% of the budget and half the fiscal cliff spending cuts would come from the military budget. russ, you're not a defense specialist, so let's bring in ben friedman of the cato institute. it's almost a 10% cut, i'm told. it's terrible. the republicans are hysterical about this. >> the pentagon is hysterical about it. both parties are hysterical, but it's about 10% which would bring us roughly back to where we were on defense spending in 2006. >> which adjusted for inflation. >> it was not exactly a crisis year in the pentagon. it's really a minor cut. they've gotten very spoiled at thale pe...
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