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Yes. no. let me get to the -- let me get to the three headlines, we have sort of deduced here. one, the all important deficit goes down in 2014 to $744 billion. headline two, you have taxes, president wants more from the wealthy for the deficit shrinkage to start up the national pre-k. headline three, something new and potentially irksome to the president's own supporters, possible savings coming out of social security and medicare. so, gloria borger, chief political analyst, we heard the president say that we are more than halfway now to that $4 trillion in debt reduction, he says we need to ...

It is the president's annual budget proposaproposal. you know, bed time reading for the folks in d.c., a mere 244 pages. for you, i have broken it down to three. page one, the all important deficit. it goes down in 2014 to $744 billion. page two, taxes. the president wants more from the wealthy for that deficit shrinkage and to start up national pre-k. page three, something new, potentially irksome to the president's own supporters, possible savings coming out of social security and medicare. jessica yellin, those are my three headlines. what are yours? >> reporter: i'm with you on the headlin...

Popular benefit programs such as social security. the president says his proposal will cut next year's deficit to $744 billion, it's the lowess since 2008. his plan will cut the deficit by an extra $1.8 trillion over the next ten years bringing the total savings to $4.3 trillion based on the administration's calculations. of course the cbo will take a look at this as well. the president's ten-year plan will trim $100 billion from defense spending. $400billion from medicare and save $230 billion by change -lg the inflation formula for benefit programs. there is going to be a quiz on this later....

Dollars national infrastructure bank. which may have some bipartisan support, it's unclear at this hour if that would go forward, but having that sort of savings account, a rainy day fund so if we need that bridge on philadelphia street fixed. certainly do if you cross it, worried you're going into the river. and your point-- thank you. to your point this was money we thought was already spent on stimulus money we were hearing about the during the the recovery and need americans back to work. what better way than to get them out there sort of like fdr did, getting people out there building bri...

"sesame street" to pakistan. >> they need that. >> i mean, i've got no problem with the muppets, believe me. >> how many jobs did that create? >> can we just do this? look, february of 2009, this will be -- that's when stimulus was signed. you take the number of private sector jobs that month and then you look at last month, last reportable month according to the bureau of labor statistics, there are still fewer jobs in america so we spent $744 billion and we still haven't gotten back to where we were when this whole stimulus plan was supposed to start, was supposed to help us and we've done n...