Detailed text transcripts for TV channel - FOXNEWS - 20100830:16:39:00
The u.s. future which is the federal budget. we are on track as a nation to some our debt downgraded, the administration's budget says in 2015 over 14% of revenues dedicated to debt service, moody says that is criteria for a ground grade. we are on track to be in worst shape than some of the third world countries that have experienced that crisis. this is not something to be taken lightly. it is so important to move now to control future deficits it would help us now and take off the table a financial crisis. gregg: good debate. please come back as this develops. thank you. >> pleasure, thank ...
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