• Bill O'Reilly: What the Debt Deal Means to You

    Published August 01, 2011 | O'Reilly Factor | Bill O'Reilly

    (END AUDIO CLIP)

    The bottom line is massive pressure had to be put on the Obama administration and the Democrats in order to get anything done on spending cuts. You can call it extortion. You can call it whatever you want. But the truth is we need far more discipline in federal spending and total reform of the tax code.

    And that's "The Memo."

    — You can catch Bill O'Reilly's "Talking Points Memo" weeknights at 8 and 11 p.m. ET on the Fox News Channel and any time on foxnews.com/oreilly. Send your comments to: oreilly@foxnews.com.

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