President Obama Proposes Deficit Reduction Plan

In response to the so-called Ryan Plan unveiled on April 5, President Barack Obama on April 13, in a major policy address, proposed a 12-year budget defecit reduction plan that would total approximately $4 trillion with a mix of spending cuts and tax increases. The 44-minute speech at George Washington University on April 13, 2011 sharply contrasted with the one proposed by Rep. Paul Ryan.