Transcript: Sens. Chris Dodd and Lindsey Graham

DODD: Well, again, I'm delighted to hear Lindsey talk about the possibility of having something like a co-op and non-profits. I happen to support a public option, I don't think you can bring down costs without it. If there isn't some competition out there to drive down the overall cost -- costs have gone up 86 percent since '96, 1996. Forty-five percent might stay the loan, increase in health care cost. The American average working family can't afford this. A family of four now it's $12,000. We're being told in 20 years, it could be half the gross income of a family spent on health care premiums. That is just unacceptable.

Now how we get those costs down -- use a lot of these buzz words. No one I know is for socialized medicine. We're going to develop a U.S. plan, not a Canadian or a U.K. plan, one that meets our needs in our country. It's designed for Americans, by Americans, that isn't socialized medicine. But you've got to drive down these costs. We need quality, accessible health care in bringing down those costs are absolutely critical, or we're going to bankrupt the country. It's unsustainable. That's why we're at the table.

STEPHANOPOULOS: OK gentlemen, we're going to have you both back if this makes it through the process this summer, but Senator Dodd, before I let you go, real quickly, I see that Senator Kennedy is doing an ad for you up in Connecticut, starting today. How is he doing?

DODD: He is doing pretty well. I talked to him the other day, had a good conversation with him. In fact, the day we started the mark up in the health committee on health care, he's been a champion of that for four decades. And he stays very engaged, very involved, knows everything that's going on. And is anxious to be back, and no one's more anxious for him to come back than I am.

STEPHANOPOULOS: I'll bet. Senators, thank you both very much.

GRAHAM: Thank you very much.

STEPHANOPOULOS: We're going to go straight to the roundtable.

STEPHANOPOULOS: And as everyone takes their seats, take a look at these tipping points from history. Is Iran now facing a similar moment?

(VIDEO CLIP)

STEPHANOPOULOS: And with that, let me bring in the roundtable. I'm joined, as always, by George Will. The executive editor of the New York Times, Bill Keller, just back from a week in Iran. Bob Reich of the American Prospect in Berkeley. Sam Donaldson and Cokie Roberts.

And George, let's start with that question suggested by those clips right there. Is this the tipping point in Iran?

GEORGE WILL, ABC NEWS: It will never be the same there. And the legitimacy of the regime, such as it was, is much diminished.

Whether or not that's a good thing is another matter. The president is being roundly criticized for insufficient rhetorical support for what's going on over there. It seems to me foolish criticism. The people on the streets know full well what the American attitude toward that regime is, and they don't need that reinforced.

Furthermore, there's an American memory of encouraging things like the Hungarian revolution in 1956, with rhetoric about rolling back communism. We had balloons flown in and dropped medals with the Statue of Liberty on it and leaflets. Came to crunch, there was nothing we could do about it.

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