10/18/2011 7 AM CST Ron Paul goes over his Restoring America spending cut plan on CNBC's Squawk on the Street with Joe Kernan and Andrew Ross Sorkin, which entails cutting $1 trillion in Federal spending within a year's time. Federal bureaucracies such as the Department of Education are on the hit list for cuts or elimination as well as overseas spending. Social security and medicare is not on the chopping block, although Dr. Paul wants to give 25 year old people the opportunity to opt out of the social security program.