Detailed text transcripts for TV channel - FOXNEWS - 20120731:22:55:00
How does it factor in? most of the cities are dealing with the pensions they promise, negotiated in boon times. now they are saying you know we don't have the money. >> yeah, they were always going to be in the worst position with a recession; particularly, at this stage. they can't run deficit like the federal government can. which is why romney saying he has a balanced budget, everybody has a balanced budget in the state. you have to have a balanced budget. they have a pension obligation and difficult situation. they are in a position to cut police or teachers. the obama campaign would say w...
Source: news source