Detailed text transcripts for TV channel - MSNBC - 20110118:

Detailed text transcripts for TV channel - MSNBC - 20110118:07:03:00

that first. republicans are ready, set, go ahead mr. president you first. the house republican leader mr. cantor possibly trying redefine his party's new majority during the annual gop retreat. >> we also understand that we as republicans do not control this federal government. the other party does. >> if that seems like a statement. obvious rather than a careful reduction of expectations compare it to what congressman cantor had to say in may have last year. >> you know, there's a mentality in this town that we just got to keep spending and we can never start cutting and we're trying to change the culture here, bill. >> there's mr. cantor 11 days ago. >> from the fiscal standpoint we're going to go about reducing discretionary spending across the board to '08 levels. we're going to save the taxpayers money, each and every week we committed to bringing a bill to the floor that reduces spending, that actually changes

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