Detailed text transcripts for TV channel - FOXNEWS - 20110118:11:55:00
You have to make the cuts. if you have to bail out the states, there has to be a deal made with the federal government that not only are you going to change your evil ways but you'll pay it back. >> is there an advantage to go bankrupt and say we can't pay our bills and can't balance the budget. we're between a rock and a hard place with these unions, going bankrupt? >> i think for a lot of local governments, going bankrupt would be an easier solution sometimes than taking the hard stance and dealing with some of the public service employee overly generous pension plans as well as the union co...