Full Transcript: Charlie Gibson Interviews GOP Vice Presidential Candidate Sarah Palin

PALIN: We need to -- we need to get into every department, every division, and that's what's going to be the task of cabinet members and then the next level of bureaucracy and the next level of bureaucracy. We're going to count on the public officials to join our team. The mission is reform. We're not going to just embrace the status quo and just assume that, ah, it's really difficult to do.

No. We're going to get in there and we're going to say there will be change. And if you don't want to prioritize department heads, division heads, bureaucrats, if you don't want to prioritize, then we're going to replace you and we're going to find people who are capable of doing it and want to do it with us.

GIBSON: I'm trying to get specifically. You're saying you'd take military off the table. Do you talk about entitlement reform? Is there money you can save in Social Security, Medicare and Medicaid?

PALIN: I am sure that there are efficiencies that are going to be found in all of these agencies. I'm confident in that.

GIBSON: The agencies are not involved in entitlements. Basically, discretionary spending is 18 percent of the budget.

PALIN: We have certainly seen excess in agencies, though, and in -- when bureaucrats -- when bureaucracy just gets kind of comfortable, going with the status quo and not being challenged to find efficiencies and spend other people's money wisely, then that's where we get into the situation that we are into today, and that is a tremendous growth of government, a huge debt, trillions of dollars of debt that we're passing on to my kids and your kids and your grandkids -- It's unacceptable. And it's time for change there. And that's what the American people are asking for.

Charlie, I think that is the American people's will right now. Remember the foundation of our entire government needs to be government being on the side of the people; government being inherently the will of the people implemented. And maybe I'm wrong, but I believe that the American people, their will at this time, is to see efficiencies, reigned in government, so that the private sector and our families can grow and prosper.

GIBSON: Didn't George Bush come to Washington eight years ago talking about reforming Washington in the same kind of language? Ran as something of a maverick actually; came to Washington. Eight years, hasn't changed the ethos in Washington particularly. Why are you any different?

PALIN: Well, we're promising the reform. And we are mavericks. And that's why I'm very thankful to have been chosen to team up with somebody who has been a proven maverick also. An independent streak in both of us, Charlie, both John McCain and in me that's not going to let obsessive partisanship get in the way.

There's no doubt in anybody's mind now across America, who's paying attention to the presidential race here, that I am a Washington outsider. I mean, look at where you are. I'm a Washington outsider. I do not have those allegiances to the power brokers, to the lobbyists. We need someone like that in Washington, someone committed to the American people and implementing their will, not the power brokers' will.

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