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Detailed text transcripts for TV channel - CNN - 20110415:06:04:00

Spending and what they ultimately spend are two different things. and they often happen months apart. allowing for that, this was a package both sides praised because they promise to contain real cuts and house speaker john boehner set the bar high. we re talking about real spending cuts here, no smoke and mirrors. some of the math is kind of fuzzy. here s what some of what we uncovered. $350 million is supposedly being saved on dairy farmers. but they get the savings by not renews a program that was expiring anyhow. so decides not to spend more money becomes saving more money. they claim $650 million of so-called savings on highway programs but they use the same trick by not renews a one-time only expenditure. $3.5 billion from the children s health insurance program. but the money likely wouldn t have been spent in any case. and even if you calculate how much will be saved over time, not just cut this year, still doesn t add up to $38.5 billion, more like $18 to $20 billion. ....

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Detailed text transcripts for TV channel - CNN - 20110415:03:04:00

Spending and what they ultimately spend are two different things. and they often happen months apart. allowing for that, this was a package both sides praised because they promise to contain real cuts and house speaker john boehner set the bar high. we re talking about real spending cuts here, no smoke and mirrors. some of the math is kind of fuzzy. here s what some of what we uncovered. $350 million is supposedly being saved on dairy farmers. but they get the savings by not renews a program that was expiring anyhow. so decides not to spend more money becomes saving more money. they claim $650 million of so-called savings on highway programs but they use the same trick by not renews a one-time only expenditure. $3.5 billion from the children s health insurance program. but the money likely wouldn t have been spent in any case. and even if you calculate how much will be saved over time, not just cut this year, still ....

Speaker Boehner , Bar High , 350 Million , 50 Million , Savings On Highway Programs , Dairy Farmers , 650 Million , Still Doesnt Add , Wouldn T , Childrens Health Insurance Program , 5 Billion , 3 5 Billion ,

Detailed text transcripts for TV channel - CNN - 20110415:02:02:00

So-called savings on highway programs but they use the same trick by not renews a one-time expenditure. we ve learned that the money likely couldn t have been spent in any case. and even if you calculate how much will be saved over time, not just cut this year, still doesn t add up to $38 .5 billion, more like $18 to $20 billion. joining me now, dana bash and david gergen, and fareed zakaria. he has an op-ed entitled obama s deficit speech reveals his core beliefs. this report spooked a lot of republican members of the house, didn t it? reporter: that s an understate. starting last night when reports began to leak out and this morning when it was out there, house republican leaders really tried to go into damage control mode because they were hearing from their rank and file about ....

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Detailed text transcripts for TV channel - CNN - 20110415:05:01:00

The measure passing in the senate. a report the bill, which claims to cut $38.5 billion from the 2011 budget would only cut $350 million in actual spend thing year, which is largely due to the way the budget process works. money that lawmakers authorized spending and what they ultimately spend are two different things. allowing for that, this was a package both sides praised because they promise to contain real cuts and house speaker john boehner set the bar real high. we re talking about real spending cuts here, not smoking mirrors. some of the math is kind of fuzzy. here s what some of what we uncovered. $350 million is supposed by being saved on dairy farmers. but they get the savings by not renews a program that was expiring anyhow. they claim $650 million of so-called savings on highway programs but they use the same ....

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