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They elected republicans. not me, chris, the american people. >> fiscal austeritausterity. >> cutting spending elsewhere which i'm for and for cutting taxes and letting families keep more of their hard-earned money. that's what we campaigned on. those were certainly central issues in the campaign. why shouldn't we, now that we're in office, make those things happen in public policy. after all, i think that's what you're supposed to do, keep your word with the voters that elected you. >> keep your word but you want to do things the right way. if you want to cut the deficit, how are you going to...

Aren't. they have huge entitlement programs including social security which is under funded by 10% next decade. following decade is underfunded by 20%. they face issues that you don't in the state. >> yes, they have a couple tools. they can print money. they can borrow it in huge quantities. most of us are required to balance our budget. i'm not saying the states should have those abilities. i think those can be misused, but in the entitlement area, think you have to address your entitlement reform, too. the steps i'm identifying getting your economy growing -- because this economy is not grow...

Obama and people of his political persuasion would like to take more money from the american people. and they want to do that so they can continue to grow government. but the answer for america is not to grow government. it is to shrink government. we've been going over the last 20, 30, 40 years, government keeps growing at a faster rate relative to inflation. we've got to stop the extraordinary spending in this country. that's why i put out a plan that reduces government spending, i cut -- i cut programs, a whole series of programs, by the way the number one cut is obama care. that saves $95 ...

Billion in cuts in medicare and, now, two ways that have been proposed, to save that money, which would be to make doctors foot some of the bill, that is already off the table and they said, not the doctors, we'll fix that for them and will not take any medicare money from them and then, the states would have to pay for medicare and that would be part of the way to get to the 500 billion in cost savings, and, they say, no, we don't want to hurt the states, either and we'll fix it for them as well and the president looks everybody in the eye and says, no, no, no, this is deficit neutral. >> wel...