Detailed text transcripts for TV channel - FOXNEWS - 20110426:20:35:00
Setting sights on tax hikes to make up the difference. and now, from the "wall street journal" our reporter will break it down. let me see if i have the map right, the pool of money which the pensions are supposed to be paid is $1.26 trillion short. and the way to make up the money is tax increase? >>guest: illinois has again so far, they are 50 percent in the hole, only covering 50 percent of their obligations and they have borrowed $7 billion to try to make up for the pension deficit. and other states are actually having to sell assets. >> but you cannot pay $1.26 trillion cannot certainly a...
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