BARBARA WALTERS: So you have a fascinating resume. Let -- let me -- and just in case some people don't know it. At 12 you were arrested for shop lifting?
BROWN: Right down the street.
WALTERS: You remember the place? OK.
BROWN: I do.
WALTERS: At 22 you posed nude for Cosmopolitan Magazine. For the past 30 years you've been in the National Guard, and you have the rank of Lieutenant-Colonel. The past six years you've been a state senator, and now as the newly elected Republican senator from Massachusetts. You are the new star. I just saw that when I traveled a little bit with you.
What do you most want to accomplish? What's your passion?
BROWN: Well let me tell you what I'm most proud of. First of all that's being married for 23 years, and having two great kids. And I want to accomplish what I think is already starting to happen, which is to bring good government back to the equation. Have people come together and talk about issues out front -- transparent, and not behind closed doors. And I think that's happening as evidence what happened with the president yesterday.
WALTERS: Well you know there was -- when the president had the meeting with the Republicans. And that back and forth. And the president talked about the fact that both sides demonized the other. But it seems to be working for the Republicans. Are you -- do you feel pressure that as the 41st you'll have a tough time voting Republican all the way?
BROWN: Everyone really is the 41st senator. And what it means is that now there will be full and fair debate. And there will be no more closed -- behind closed doors actions.
And make no mistake, I am a fiscal conservative. And when it comes to issues affecting people's pockets, and pocketbooks, and wallets, I'll be with the Republicans if they are in fact pushing those initiatives.
WALTERS: It has been said all over the country that your election was more about disappointment in the president than it was about voting for you in particular.
BROWN: I have to respectfully disagree. People here spoke very loudly and -- and very plainly about taxes and spending, terrorism, and the health care proposal.
WALTERS: Which means you -- which you represented?
BROWN: That's correct.
WALTERS: Yes. You know when I was with you just a little while ago with the crowd, one of the women said -- behind me -- said, "President 2012." And you said to me -- or under your breath, "That's silly." But do you rule it out?
BROWN: I -- I have to -- I have to tell you, I don't even have a business card. I haven't even been sworn in. I don't have any exploratory committees started. I don't have any -- anything -- it's -- it's overwhelming, and it's extremely humbling. I don't know how -- what else to tell you.
WALTERS: Let's talk about another rising star in the Republican party -- Sarah Palin. Do you think that Sarah Palin is presidential material?
BROWN: Well -- well, sure. I mean, she's been a mayor, and a governor. And -- and has a lot of -- a national following. But I think the more people in a presidential race, the better. She's never contacted us, and vice-versa.
WALTERS: Let's talk about some of your specific views. You are pro-choice, yes?
BROWN: Yes.
WALTERS: And gay marriage is legal in the state of Massachusetts. But the Republican party platform language calls for the overthrow of Roe v. Wade, and they want a federal ban on gay marriage. Are you out of step with your party, or do you think that the party has to broaden, and change its platform?
BROWN: Well I've always been a big tent person, you know? We need more people to come into our tent to express their views in a respectful and thoughtful manner.
And, you know, Roe v. Wade is the law of the land, but I think we need to do more to reduce the amount of abortions. And the difference between me and maybe others is that I'm very -- I'm against partial-birth abortions. I'm against federal funding of abortions. And I believe in a strong parental consent notification law.
And we should do more for adoptions.
WALTERS: But you're still pro-choice?
BROWN: Yes, because I feel this issue is best handled between a woman and her doctor and her family. And on the marriage issue that you brought up, it's settled here in Massachusetts, but I believe that states should have the ability to determine their own destiny and the government should not be interfering with individual states' rights on issues that they deal with on a daily basis.
WALTERS: Well, there is the debate now in the Republican Party as to whether it should be more conservative or more moderate. Which direction do you bend?
BROWN: They can do whatever they want. I just know that I'm a Scott Brown Republican. What does that mean? That means I'm going to go down there and be accountable, accessible, open, and honest, and I'm going to bring good government and fairness back to the equation.
I'm a fiscal conservative. I care very deeply about -- because my mom was, as you probably know more than anybody is, you know, she was on welfare for a time. I remember getting the blocks of cheese and worrying about how we're going to pay the bills.
So when it comes to fiscal issues, I'm going to be very, you know, conservative and concerned about people's dollars.
WALTERS: And social issues, a little more moderate?
BROWN: Yes, of course.
WALTERS: The Tea Party movement was important to your victory. How influential do you think the Tea Party movement is going to be?
BROWN: Well, you're making an assumption that the Tea Party movement was influential, and I have to respectfully disagree. It was everybody. I had a plurality...
WALTERS: But it was part of it.
BROWN: Of course, it was.
WALTERS: OK. Let's talk about the president's State of the Union.
OBAMA: "I know it's an election year. And after last week, it is clear that campaign fever has come even earlier than usual."
WALTERS: Do you see any evidence in his speech that he got a message from your election?
BROWN: On some issues, yes. I was encouraged that he was interested in doing, you know, nuclear power and doing some limited drilling under the proper circumstances. I felt his position on pointing out that Iran is certainly a very serious issue, and I'm hopeful that I can work with him on that.
I thought how he's handling, obviously, Afghanistan -- I was very vocal in supporting his position on increasing the troops. I was encouraged by the fact that he's going to do a freeze on spending and, more importantly, also look at, you know, tax reductions.
But I think we need to a little bit bolder. We need to make sure that we get a handle on spending and taxation.
WALTERS: President Obama has asked for a spending freeze on almost everything except matters like the military, Social Security, and Medicare. He says he's going line by line through the budget. Now, you have said that's not enough for you; that you want to cut spending and not just freeze it.
So what are the first 3 items that you would cut?
BROWN: The problem with what the president said is he's not doing it until 2011. We need to do it immediately. We need to put a freeze on federal hires and federal raises because, as you know, federal employees are making twice as much as their private counterparts.
I'm in favor of, you know, Judd Gregg's proposal, the bipartisan effort, almost like a BRAC closure...
WALTERS: Which was defeated.
BROWN: ... the base closing. And I thought the president did the right thing by saying through executive order he's going to bring it up. I would have supported the ability for him to do that.
WALTERS: On Friday, President Obama announced what he called the "best way to promote hiring," talking about jobs especially for the small businessmen. A $5,000 tax credit for each new employee added and tax relief for those companies that add to their payroll. A total cost is $33 billion dollars.
If and when this became a bill, would you vote for it? Yes or no?
BROWN: Yes.
WALTERS: Health care. Massachusetts requires that all residents purchase health insurance. You voted for that plan.
BROWN: Sure.
WALTERS: So why doesn't it make sense that all Americans have health insurance? Why isn't what's good for Massachusetts good for the whole country?
BROWN: In Massachusetts, the free market, the free enterprise has taken control, and they're offering a wide range of plans. I've never ever said that people should not get health insurance. It's just a question of if we're going to take a one-size-fits-all government plan or we're going to do something where the individual states can tailor their plans as we've done.
WALTERS: Do you think the whole plan should be scrapped?
BROWN: Yes.
WALTERS: The whole plan?
BROWN: Yes.
WALTERS: You don't...
BROWN: We need to go back to...
WALTERS: ... see that there could be some things that could be -- goodbye to the whole plan?
BROWN: I think it was on its last legs before I even got elected, because the Democrats even were upset at the backroom deals, for example, in Nebraska. And they want a chance, I believe, based on just what I'm hearing -- and I can't -- I'm not going to quote anybody directly -- that to go back to the drawing board and do it in a transparent, bipartisan manner --that's the big difference between Massachusetts and Washington.
WALTERS: And then would you want it state by state?
BROWN: I have to see what's being proposed. A lot of states want that flexibility. They do not want the federal government always being in their business saying you have to do it this way, this way, and this way.
But other states may not have that ability. They may want more government involvement.