Detailed text transcripts for TV channel - FOXNEWS - 20120712:01:04:00
He raised the debt $5 trillion in five years. they are proposing far more debt increases in the next five years. >> all right. your job, basically, you immerse yourself, day in and day out in numbers. we keep hearing that social security's going bankrupt and medicare is going bankrupt. you kind of scared me the last time you were on this program because you said that we have basically 2 to 3 years before the bond markets abandon us. meaning that they will not feel comfortable lending the u.s. money any longer. do you still stand by that? and what specifically did you mean? >> yeah. so this isn...