Detailed text transcripts for TV channel - FOXNEWS - 20121229:23:24:00
Lobbies driving these costs -- >> heather: let me interject here. >> you're making up an argument. >> heather: the president did offer to deal with the debt last summer, he offered to raise the debt ceiling by closing loopholes and not raising taxes. quote, give us $1.2 trillion in additional revenue which is could be accomplished without hiking tax rates. it could be simply a accomplished by eliminating loopholes. that's what the president said and that's exactly what republicans offered him weeks ago. so why didn't he take that offer, alexis? why the ultimatum and insisting on tax increases ...