AMANPOUR: Give me one specific cut, Senator-elect.

PAUL: All across the board.

AMANPOUR: One significant one. No, but you can't just keep saying all across the board.

PAUL: Well, no, I can, because I'm going to look at every program, every program. But I would freeze federal hiring. I would maybe reduce federal employees by 10 percent. I'd probably reduce their wages by 10 percent. The average federal employee makes $120,000 a year. The average private employee makes $60,000 a year. Let's get them more in line, and let's find savings. Let's hire no new federal workers.

AMANPOUR: Pay for soldiers? Would you cut that?

PAUL: I think that's something that you can't do. I don't think --

AMANPOUR: You cannot do? [...]

AMANPOUR: So, again, to talk about the debt and to talk about taxes, there seems to be, again, just so much sort of generalities, for want of a better word. [...]

PAUL: Well, the thing is that you can call it a generality, but what if -- what if I were president and I said to you, Tomorrow, we're going to have a 5 percent cut across the board in everything? That's not a generality, but there are thousands of programs. If you say, Well, what are all the specifics? There are books written on all the specifics. There's a book by Christopher Edwards, downsizing government, goes through every program. That's what it will take. It's a very detailed analysis.