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Detailed text transcripts for TV channel - FOXNEWS - 20121202:18:08:00

Medicaid. and social security from imminent bankruptcy. it raises 1.6 trillion on the job creators. that will destroy economy. no spending controls. shannon: across the board, bad things are going to happen. both sides of this equation agree if we go over the cliff. senator graham seems convinced that is what is going to happen. i m not convinced it would happen. but the road we are going down right now is more likely to happen. we can t avert it. but i hope that the republicans will not cave in to the democrat demands. more taxes, more spending, cuts later, because the cuts never happen. we are at a crossroad now. the president has an opportunity to lead. he has to get involved rather than run all over the country and politic. the election is over. but this is real stuff now. it affects everybody in america. it will affect our economy. shannon: absolutely. now you say you don t want to ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121202:18:05:00

It seems like what secretary geithner behalf of the president brought to the table. reports that senator mcconnell laughed out loud when he got the report. is it posturing and are both sides enfrenched they won t find middle ground? possibility. let me take the optimistic possibility here. that would be that with the white house demanding one $1 $1.6 trillion in revenue. gets to 1.2 or trillion dollars that would have been unaccept to believe republicans. boehner can go back to his constituency and the house republicans to say look, i had a big victory there. interesting on spending rather than them look like the guys because the president has problems with his base. he has the unions saying we don don t want you cutting entitlement or social programs. he wants republicans to own it. they will take responsibility for it. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121202:18:10:00

Everything. charitable deductions fuels a lot of university and the charities. but all the things are substantive. it s a question of what does america really want. they want good economy and jobs. shannon: i want to ask about the other issues going on. u.n. ambassador susan rice, a feeling she is on the short list of the president potentially to nominate here for secretary of state. if it happens she has to come before you in senate. she will be underoath. what questions do you have for her? my first question to her. i m not on the foreign relations committee. my question in the senate would be what did you know? before you went on five shows. where did the information come from? whatever she spoke to that morning was blatantly wrong. i think there are a lot of answers to come forth with. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121202:18:04:00

And john boehner, the point man for the congressional and house republicans. geithner made the offer to boehner on thursday. boehner said, tells us, he was flabbergasted and said you can t be serious. it called for doublebe what the president talked about in public. not $800 billion in new revenue but $1.6 trillion in revenue. only $600 million in entitlement and spending cuts. well, that is not one to one or three to one. more revenue than spending cuts. they are really far away now. i understand negotiations. i understand opening bid. for first time, it occurred to me they might not get it done. you get a sense hearing from both of them that is a real possibility. what do you make of the negotiation of the tactic? ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121202:18:42:00

What that means is the referendum on december 15th won t be valid in terms of supervision and that would call on an international supervision. that s something that president morsi doesn t want to do. and we have sort of the standoff between executives and the judicial branch in egypt and there are people protesting there and they are protesting here. we are covering it at the egyptian embassy in washington and other places in the u.s. what will be the resolution between the two groups? will it be a peaceful one? it depends on president morsi. if he wants to rule, and the faction that is supporting him and leading them to become an islamist state and only the way they interpret it, that will be but if not, there to be a negotiated solution. if he agreed to do that, with the more radical factions that ....

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