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Transcript of Tonight's CNN Republican Debate in Arizona

10:42 PM, Feb 22, 2012 • By DANIEL HALPER
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We cut the welfare -- we cut spending on welfare, froze it and then we block granted it to the states and gave them the flexibility to run that program they way they saw fit with two provisos. Number one, there would be a time limit on welfare and a work requirement. We were going to say that poverty is not a disability. That these programs need to be transitional in nature. We need to do the same thing with Medicaid. We need to do the same thing with -- with food stamps. All of the other means tests of entitlement programs.

And unlike the Paul Ryan plan -- I see I'm out of time, but unlike the Paul Ryan plan, we also will deal with Medicare and Social Security, not 10 years from now. But we need to start dealing with it now because our country is facing fiscal bankruptcy.

KING: Governor Romney, I'm wondering if that answer satisfied you? Just in recent days you said this, quote, "If you want a fiscal conservative, you can't vote for Rick Santorum because he's not." Did he answer your questions there?

ROMNEY: Well I'm looking at his historic record, which voting for raising the debt ceiling five different times without voting for compensating cuts. Voting to keep in place Davis-Bacon, which cost about $100 billion over -- over 10 years. A whole series of votes. Voting to fund Planned Parenthood, to expand the Department of Education. During his term in the Senate, spending grew by some 80 percent of the federal government. But I -- but I want to respond to Gilbert's question, which I think is a critical one.

And that is as you -- as you look at this country, I'm a guy who has lived in the world of business. If you don't balance your budget in business, you go out of business. So I've lived balancing budgets. I also served in the Olympics, balanced a budget there. And -- and served in the states. And all four years I was governor, we balanced the budget. Here's what I'd do at the federal level, I would divide all of the programs into three major places for opportunity to reduce costs.

Number one, I'm going to go through every single program and ask if we can afford it. And if not, I'm going to say, is this program so critical that it's worth borrowing money from China to pay for it? And if not, I'm going to get rid of it. Number two, I'm going to take programs...

(APPLAUSE)

ROMNEY: ...I'm going to take programs that are important, but that could be better run at the state level and send them back to the states as a block grant and that included Medicaid and -- and housing vouchers and food stamps. These programs for the poor, to be run more efficiently and can be run with less fraud and abuse at the state level. And then finally number three, with what's left of government, I'm going to cut the employment by 10 percent. And I'm going to link the pay of government workers with the pay in the private sector. Government servants shouldn't get paid more than the people who are paying taxes.

(APPLAUSE)

KING: Senator, the governor singled you out. Take a few seconds.

(APPLAUSE)

SANTORUM: Well, the governor talks about raising the debt ceiling. There was a debt ceiling vote this summer and the governor was asked the question whether he would have voted to raise the debt ceiling ultimately and he said, yes. Because government has to pay their bills. We can't default ultimately. What happened the -- the 12 years I was in the United States Senate, we went from the debt to GDP ratio, which is now over 100 percent. When I came to the Senate it was 68 percent of GDP. When I left the Senate it was 64 percent of GDP.

So government as a size of the economy went down when I was in the United States Senate. Sure I had some votes. Look, I think we've all had votes that I look back on I -- I wish I wouldn't have voted -- No Child Left Behind, you're right, it lead to education spending. That's why I've said that we need to cut and eliminate No Child Left Behind and -- and education funding from the federal government, move it back to the local level where it belongs where parents and local communities can deal with that.

But if you look at my record on spending, on taking on entitlements, never having voted for an appropriation bill increase. You look at -- at my record of never having raised taxes. Governor Romney raised $700 million in taxes and fees in Massachusetts. I never voted to raise taxes. Governor Romney even today suggested raising taxes on the top 1 percent, adopting the Occupy Wall Street rhetoric. I'm not going to adopt that rhetoric. I'm going to represent 100 percent of Americans. We're not raising taxes on anybody.

(APPLAUSE)

KING: Governor, please quickly I want to bring the congressman and the speaker into the conversation, but respond.

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