HANNITY: Where is the president's plan? Why is he politically cowardly?
WILLIAMS: The president is standing there and saying let's make a deal. He has made every effort.
HANNITY: Show me. Tell me where I can find it.
WILLIAMS: Who walks away, who doesn't call the president back?
HANNITY: Where can I find his deal? I can't find his deal!
WILLIAMS: You know what? His deal is right there where he is negotiating with Boehner.
HANNITY: Where is it? Where is it so we can read it? This the most transparent administration in history and I can't find his deal?
WILLIAMS: What do you need? A deal where there is nobody on the other side to negotiate with. And that right now is the case.
HANNITY: I see the Republican deal. I see "Cut, Cap and Balance." I see the Ryan plan. I see this deal tonight. They've got something on paper.
WILLIAMS: You know what I see tonight? I see Republicans who can't even vote on their own deal because they are so divided and let me say you cited the Wall Street Journal editorial earlier tonight.
WILLIAMS: Pathetic? How about the Wall Street Journal acting in a way that says we have a financial future, a common future, Republican and Democrat and let's protect it.
HANNITY: You stay right there because I'm not done with you.
WILLIAMS: Oh my God! He's going to have more.
HANNIY: You're staying. We're going take a break.
HANNITY: We continue now with Fox News contributor the one and only Juan Williams. His brand new book is "Muzzled." I can't believe I'm endorsing a book when I'm in a big fight with you here.
You know, Juan, here is the problem and we went over this with Rand Paul. All of these bills short of "Cut, Cap and Balance" all of them and you can't tell me what the president's plan is because he didn't have the courage to come forward with one. He didn't do what the Republicans did because I think he is in over his head, he is weak and he's not a leader. That aside --
HANNITY: Thank you for conceding that point.
WILLIAMS: I didn't but go right ahead.
HANNITY: Here's the point, the Republicans have put forward their plan and with all of these plans short of "Cut, Cap and Balance" and what Rand Paul and I were talking about tonight, we are still increasing spending eight percent a year.
We are -- not only are we taking a sledge hammer to our kids' piggy banks. We are taking a bulldozer to freedom, our Constitution and their future opportunity and that is why this matters. We get this right now and that is why the president should have led.
WILLIAMS: Let me just say this to you, the president has been leading and the president has been trying to engage in serious negotiation.
HANNITY: You don't believe this.
WILLIAMS: When you talk about the size of government spending, let me remind you that taxes in this country are at a 60-year low in terms of GDP. Secondly, let me remind you something, that the country is growing. We have more people on entitlements than ever, more people, Social Security, Medicare, Medicaid and aging population so there's going to be increased spending and we have to provide for the people, especially people that paid into the system.
HANNITY: Every family watching this program right now, every person all around the world who watch this program and watch the Fox News Channel, if they fell short of money and I told them they have to freeze spending for six years and cut one percent a year, do you think they could do it? Do you think that is possible?
WILLIAMS: This is a totally false analogy.
HANNITY: No, it's not a false.
WILLIAMS: Let me tell you why it's different. Your family and my family as fortunate as we are in American we don't print money in my household. You know what? We don't have bonds that we can issue and get capital and we don't guide the rest of the world because of the value of our dollar.
HANNITY: We are becoming Greece. The debt to GDP ratio is going be 100 percent of what we take in. That means that every penny this country takes in is going to go to service the debt and that means that we will not be able to pay for any programs.
So if we can experience a little pain now because they have overspent more than anybody else, Barack Obama and Nancy Pelosi and the Democrats, a little pain now, a little austerity now is going to prevent our kids from working their entire adult lives to pay off this that we're accumulating.
WILLIAMS: Are you working for the Obama campaign because this sounds like what President Obama was talking to the Republicans about when said he is willing to raise the age on Medicaid. He is willing to put more --
HANNITY: Show me where he put that on paper?
WILLIAMS: Stop with that foolishness!
HANNITY: There is this silly teleprompter he reads. He doesn't have the courage to --
WILLIAMS: This isn't the teleprompter.This is what he is saying to Republicans in serious negotiations.
HANNITY: Jay Carney was asked today by Chuck Todd. He said can you show us the deal and he says we have shown enough leg in this debate.
WILLIAMS: What are you talking about?
HANNITY: That is what he said. He won't show us the deal.