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Detailed text transcripts for TV channel - FOXNEWS - 20110117:14:47:00

in five years or eight years but we have to get this debt down. bill: what you're arguing as an economic guy is go ahead and raise the tkoebt sealing but put some stop gap measures in there, cut the spending, show us a blueprint down the road where you don't have to increase the debt the next time it inspires. >> reporter: you've said it very well. that is exactly what i'm trying to say. the president is meeting with the leaders of china let's not forget, folks the country that owns most of our debt is china. china owns nearly a trillions dollar of our debt. bill: with his four-day trip coming to the u.s. this week it will get a lot of attention. hrafr resummers usealready resun the white house, he's moved on from there.

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