Detailed text transcripts for TV channel - CNN - 20110126:11:08:00
To help us. let's break down exactly what is going to go on. discretionary spending, the white house saying it will save $400 billion over the next ten years. he wants a five year freeze. last year he said three years. extending that. also we have the defense department saying that they're going to cut spending by $7 billi 8 billion. this includes cutting spending on defense. he was not focusing on that. he's talking not about homeland security. he's not talking about veterans and it also excludes the mandatory spending that we would have on medicare and medicaid, social security, interest, al...