this morning, thank you. now to the proposal by the president's commission to cut $14 trillion of the national debt. medicare and social security may both end up on the chopping block if a bold new plan becomes reality. jonathan karl reports on the immediate opposition. >> reporter: the draft proposal was unveiled with a dire warning. >> this debt is like a cancer that will truly destroy this country from within if we don't fix it. >> reporter: the solution from democrat erskine bowles and republican alan simpson, lots of bitter medicine. including -- a 15-cent-a-gallon hike in the gas tax. cutting social security payments for high-income seniors. raising the retirement age. cutting defense spending by $100 billion. including closing one-third of u.s. military bases abroad. eliminating the tax deduction for home mortgages over $500,000. slashing farm subsidies. eliminating 10% of the federal workforce. and that's just for starters. would it fly? don't count on it. even members of the debt commission attacked it.