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See a draft again? >> our focus right now is on maintaining the all volunteer force. we don't want to hit this second round of cuts which would be a meat axe attached to a chainsaw across the board cuts. that is slash and burn tactic. we share his concerns about cuts that go too deep. our focus is maintaining an all volunteer force. if we go to another round of cuts that is way too large. a trillion dollars or so over ten years we would have the smallest army and marine corps in decades. the smallest air force in its history and the smallest navy since world war i. jenna: you say if the financ...

>> he's the president. come on out to the lawn of the white house with a microphone and tell us your plan on entitlement reform. and he won't do it because he doesn't have the courage to do it. >> i'm candy crowley. and this is "state of the union." >> late into the night, leaders scrambled for a last-minute debt deal, a two-step plan that would raise the debt ceiling through 2011 in exchange for about a trillion dollars in spending cuts. both sides are on board. but the hang-up is a second increase that will be needed in 2012. before that happens republicans want a special commissio...

So all this is, all this proposal is from the economists is if you're going to raise the debt limit, find some spending growth reductions, it's just reducing the growth rate of spending, about the same magnitude. it's possible to do that, and i think if people like austan goolsbee get out and speak in favor of that rather than against it, it would help tremendously. jon: well, the administration line seems to be, and i'm not speaking for them, but it seems to be that, you know, a lot of these programs, a lot of the spending is tied up in in entitlement programs, medicare, social security and t...

Entitleme entitlements, broadly speaking, will protect social security, medicaid, med wear. a lot of folks who benefit from those programs vote for democrats. which is why they will staunchly defend them. i think paul ryan and the president are making the same argument, which is we have to be adults here, there are hard decisions that have to be made. the problem is, paul ryan puts out plans that probably won't see the light of day, then you have the president, who is trying to govern, and he is definitely not going to hug that third rail of taking a meat axe to social security and medicaid to...

Thing. where would you cut? >> i would pay for every military action that we take whether it is iraq or afghanistan, that would have saved us a trillion dollars off of those deficits. i would make sure that the fat cats and sacred cows that we spend on through the tax codes doesn't show up directly in the budget because it is through the tax codes but by far the greatest expenditure that we make over a trillion dollars a year. i would go after some of those fat cats and sacred cows that our republican colleagues seem unwilling to touch. and then you can target some of the programs out there ge...