Detailed text transcripts for TV channel - CNN - 20110105:23

Detailed text transcripts for TV channel - CNN - 20110105:23:32:00

if you propose to do what we said, you will not save as much money. >> where? >> completely across the board. >> education? >> there is going to be a lot of things. >> pell grants, scholarships for students -- >> look, if you rewind the tape and look at the nature of the spending that has gone on in the past two years, it has gotten to the point where a house majority was completely squandered. >> and the department of education budget is going to be slashed? >> well, thoughtful cuts all of the way across the board. >> well, if you get your way, it will go through the house and the senate, and the president has to sign it, but what about the department of transportation, and the infrastructure and highways -- is that going to be slashed again? >> well, thoughtful cuts that is going to be real reasoned. there is nobody with a meat ax on these thing, but if you take a step back and look at the number of new federal employees that have grown under the administration and there are

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