'This Week' Transcript: Axelrod, McConnell and Queen Rania

AMANPOUR: ... I mean, would it be Social Security or Medicare, Medicaid? Would it be the defense?

MCCONNELL: Let me give you an example of something we've done already. Senate Republicans offered to freeze the top line on next year's appropriations at essentially what we spent this year. The difference between that and what the president asked for over a 10-year period would be $300 billion.

With regard to the entitlements, the president has appointed a deficit reduction commission. I've appointed three members to it. John Boehner has appointed three members to it. They're going to report in December and make a recommendation about what we might do about our -- our long-term unfunded liabilities. We'll wait and see what they recommend, but hopefully it'll be something that'd be supported on a bipartisan basis.

AMANPOUR: So all of -- all of this comes into the Pledge for America, which was announced this week, a platform for future governing by the -- by the Republicans. Now, many people say that it's simply more of the same. You've obviously heard a lot of that over the last couple of days, that there's basically nothing new. And whether they're left, right or center, people are complaining that, in fact, it doesn't go far enough, particularly for the -- the very enthusiastic Tea Party base that you have.

So, for instance, Erick Erickson has written about this pledge. "It's full of mom-tested, kid-approved pabulum that will make certain hearts on the right sing in solidarity. But like a diet full of sugar, it would actually do nothing but keep making Washington fatter before we crash from the sugar high."

How are you going to -- well, you're laughing.

MCCONNELL: Well, any time you do anything in public life, somebody criticizes it. Go ahead. I'm sorry. I didn't mean to...

AMANPOUR: No, that's all right. But I want to ask you, how will you satisfy the -- the base, which seems to be, really, in insurrection now, the Tea Party? Would you -- would you agree that they're...

MCCONNELL: Yes, let me tell you what...

AMANPOUR: ... cascading into your space?

MCCONNELL: Let me tell you what everybody agrees on, everybody agrees on. The primaries are over, and we all agree we want to go out and beat the Democrats November 2nd.

AMANPOUR: Right.

MCCONNELL: So there's all kinds of energy in the Republican Party or people who are inclined to vote Republican. The Tea Party people are not all Republicans, some independents. But one thing we know about everybody who's been active in this movement, we know none of them are going to go out and vote Democrat on November 2nd.

We may have some internal differences about various parts, but everybody knows who's been in charge of the government for the last year-and-a-half.

AMANPOUR: Well...

MCCONNELL: Everybody knows who's been in charge of the government for the last year-and-a-half. The Democrats have had the White House, they've had a huge margin in the House, a big margin in the Senate, and they know that if they want to save America, they've got to change the Congress, and that's going to happen on November 2nd.

AMANPOUR: Well, as you know, the -- the recession was declared over. There's no recession, and maybe will say that, you know, they stopped it from going into a Great Depression, and that they inherited this -- this...

(CROSSTALK)

MCCONNELL: But, Christiane...

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