Detailed text transcripts for TV channel - CNN - 20110413:23:17:00
That becomes a 2012 campaign issue, and we litigate it in the country, would the president this year, if you have some modest downpayment on deficit reduction while we fight out the bigger issues, would he change his deficit reduction target if he doesn't get the tax increases or would he agree to more cuts? >> one of the important things about today is there is an emerging consensus that the right target is $4 trillion. it's less important if it's 10 years or 12 years but to be on a path where we're reducing the deficit as a percentage of gdp to the level that we propose that gets it to the p...
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