Detailed text transcripts for TV channel - CNN - 20110414:08:18:00
Barack obama laid out a long-term budget plan on wednesday that he says will save trillions of dollars. it includes spending cuts and tax increases. he also said it's aimed at cutting the u.s. government deficits by no less than $4 trillion over the next 12 years to come. he also says that it won't devastate popular programs such as, for instance, medicare and also medicaid. and he insists that the bush era tax cuts for wealthy americans new now be allowed to expire. mr. obama's compromising automatic spending cuts in future years to come if the deficit exceeds 2.8% of total gdp. the president...
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