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Detailed text transcripts for TV channel - FOXNEWS - 20130105:23:44:00

because of what we are talking about and higher income voters and higher income districts and democrats are wielding the power . the president is in control and the republicans are divided. you will see the debt sealing increase . my eyes are wide open and you really think that the debt ceiling is going to increase. i think by all expectations pretty much knock down and drag out fight. it was over the fiscal christ and what we saw one is a divided republican party andine though it controlled the house was unable to put together their own deal. you only need a minority of republicans.

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Detailed text transcripts for TV channel - FOXNEWS - 20110117:14:46:00

think governor palenty was correct when he said that the president is being a little bit hypocritical here because as you reported on fox last week the president himself when he was senator voted against the debt sealing increase. bill: that was back in 2006. what the white house would argue is it is suicide not to raise the debt limit. are they right? >> reporter: there is going to be an increase in the debt sealing. we can't default on our debts, we can't not make our payments we have to make. the real question, the showdown is going to be when we increase that debt sealing whether it comes in march or april or may is there going to be some kind of new fiscal controls put in place or are we going to write a blank check for congress. what i'm saying and i think governor palenty is saying, we will increase the debt sealing but that has to be ton with a clear, visible measure to get to a balanced budget whether it'

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