Detailed text transcripts for TV channel - CNN - 20110216:12:40:00 : vimarsana.com

Detailed text transcripts for TV channel - CNN - 20110216:12:40:00

vastly different plans, how do they come together? >> well, it doesn't really matter if they come together, because neither of them address the fundamental problem. it's sort of like how many discretionary cuts can dance on the head of a pin argument. there's no way to get to the bottom line of moving our deficit and debt down no matter how much you cut it. >> i do want to ask you about the entitlements. that is going to be big, but $61 billion in domestic program cuts? that's the gop -- the house gop proposal. isn't that in some ways, at least, much more significant in terms of cuts? >> it is. it's a very significant, discretionary reduction. and if you -- and discretionary spending does compound in the sense that when it's spent, it becomes part of the baseline. and then the next year, that baseline is built on again. so it is a positive step. the it's just not going to get us to where we need to go. now, the president has said he's

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