Layer of blur... possible?

Hi: just wanted to check if anybody knew of an easier way to do this in as3… I am creating an illusion through masks currently…

Basically, I have a bunch of text that is blurry moving around and a magnifying glass… any piece of blurry text that comes underneath the magnifying glass “clears up”.

Now, the way I have gotten this to work is a bit tedious. I created a duplicate layer for every blurry text and made it clear. Then, I masked it with a duplicate magnifying glass, to create that illusion.

The problem is, this is very tedious. Is it possible to use as3 to create a layer of blur and to make a “magical” magnifying glass that “clears up” the blurry art? Any help or suggestions would be appreciated. I have included a screenshot of my layers and art so far.

Thanks in advance

*The white box is the “magnifying glass”