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Obama Unveils Roadmap for Reducing Deficit by $4 Trillion

Read the transcript: http://to.pbs.org/hliUUR 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:
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