Obama Unveils Roadmap for Reducing Deficit by $4 Trillion

Aired: 4/13/2011 | 0:04:20 | Clip
President Obama officially unveiled his own proposal for reducing the national deficit Wednesday in a speech at George Washington University, calling for $4 trillion in cuts over the next 12 years through spending cuts and tax reform.In response to Republican calls for reductions in entitlement spending, the president launched a defense of programs like Medicare and Medicaid: