Detailed text transcripts for TV channel - CNN - 20120105:13

Detailed text transcripts for TV channel - CNN - 20120105:13:01:00

elite. "starting point" begins right now. welcome back, everybody. you're inside the airport diner. i'll let you in on a little secret here. they have bathrooms marked coach, business and first class. bracing for seismic changes and severe cuts because today president obama will join the u.s. defense secretary, leon panetta, to discuss cutting billions of dollars from the budget. no longer fighting two ground wars simultaneously and removing 4,000 troops from europe and cutting at least 47,000 marines and troops over the next five years. while we are downsizing, obama's opponents say china's military is growing. iran is in enlarging its nuclear program and the problems in the middle east are worse than they've ever been. chris lawrence is live at the pentagon working on the details of this this morning. what are we expecting to hear from the president this morning,

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