Detailed text transcripts for TV channel - FOXNEWS - 20130107:07:01:00
Right. they just got revenue. we have to cut spending. we have a $16 trillion debt. the credit card is maxed out. we have to cut spending. he is exactly right. let's focus on the problem which is this government can't control spending. we have to get control of it. >> we spoke at length during the campaign when you were the president's point person on the budget and you repeatedly stated and said it again this morning simpson bowles is is the model and you have to have revenue and spending cuts. >> that's right. >> we got the revenue. we got a tiny tiny spending cut along with the fiscal cliff...
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