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Detailed text transcripts for TV channel - CNN - 20110126:07:07:00

educated, i thought arne duncan turned out to be the most significant person in the room. i thought the failure in the speech came on the deficits. not enough about it? it wasn t serious. it wasn t it wasn t a serious effort to come to grips is what is a towering problem. he s holding back. i don t know why. i thought it was very cautious. he made some suggestions, implied things, but you can t feel very good about the fact we re going to solve these deficit problems after tonight. both republican responses were deficits were front and center. it has found its voice and we re being crushed by a deficit and debt. and if you add up paul ryan s speech and michele bachmann s speech, you know why republican won 63 seats in the last election. paul begala in washington, you had been talking about the importance of the president talking about jobs. i want to play another segment from the speech.

Detailed text transcripts for TV channel - CNN - 20110126:04:23:00

in american elections. there has not been a repudiation of the party in power since 1938 since compared to what happened in 2010. were you surprised the president did not mention the tea party? no, i don t think he had any cause to. but i do think that the republican fears about having two speeches proved to be unfounded. they had a one-two punch. and i thought ryan gave the better speech, but she made some important points. but i have to tell you something, neither side has really given us a bold, courageous, road map for dealing with the deficits. both are playing with the edges. you cannot solve these deficit problems just by dealing with discretionary spending. you have to get into health care in a serious way, deal with social security, and nobody is willing to come up with a plan. president obama had that bipartisan presidential commission. is that just doa?

Detailed text transcripts for TV channel - CNN - 20110126:07:23:00

movement. the fact of the matter is, it s a broad based group, which is responsible for a massive change in american elections. there has not been a repudiation of the party in power since 1938 since compared to what happened in 2010. were you surprised the president did not mention the tea party? no, i don t think he had any cause to. but i do think that the republican fears about having two speeches proved to be unfounded. they had a one-two punch. and i thought ryan gave the better speech, but she made some important points. but i have to tell you something, neither side has really given us a bold, courageous, road map for dealing with the deficits. both are playing with the edges. you cannot solve these deficit problems just by dealing with discretionary spending. you have to get into health care in a serious way, deal with social security, and nobody is willing to come up with a plan. president obama had that bipartisan presidential commission.

Detailed text transcripts for TV channel - CNN - 20110126:08:23:00

two speeches proved to be unfounded. they had a one-two punch. and i thought ryan gave the better speech, but she made some important points. but i have to tell you something, neither side has really given us a bold, courageous, road map for dealing with the deficits. both are playing with the edges. you cannot solve these deficit problems just by dealing with discretionary spending. you have to get into health care in a serious way, deal with social security, and nobody is willing to come up with a plan. president obama had that bipartisan presidential commission. is that just doa? the one thing i liked out of the president s speech tonight, the idea of simplifying the tax code, because one thing that is driving jobs away, in addition to the the complicated tax code costing billions each year and the tax commission saying get rid of the deductions that

Detailed text transcripts for TV channel - CNN - 20110126:08:07:00

i thought the failure in the speech came on the deficits. not enough about it? it wasn t serious. it wasn t it wasn t a serious effort to come to grips is what is a towering problem. he s holding back. i don t know why. i thought it was very cautious. he made some suggestions, implied things, but you can t feel very good about the fact we re going to solve these deficit problems after tonight. both republican responses were deficits were front and center. it has found its voice and we re being crushed by a deficit and debt. and if you add up paul ryan s speech and michele bachmann s speech, you know why republican won 63 seats in the last election. paul begala in washington, you had been talking about the importance of the president talking about jobs. i want to play another segment from the speech.

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