Detailed text transcripts for TV channel - FOXNEWS - 20121213:15:46:00
Timothy geithner the treasury secretary put up was an additional $50 billion in stimulus spending. clearly there is a spending element to whatever the solution is on the white house side of the coin, and how the cuts actually work, as we've talked about in washington, spending cuts here often deal with slowing down the increases that were already baked in the cake, if that makes sense. it all deals with what's called the baseline here, and that's how it's increasing spending year after year. if you cut the increases next year they call this a cut in bark ton, you don't call that at home a cut....
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