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in spending that we've already cut from the budget, our plan makes additional spending cuts that need to happen if we're to solve this problem. we reform agriculture subsidies. subsidies that a lot of times pay large farms for crops that they don't grow. we make modest adjustments to federal retirement programs. we reduce by tens of billions of dollars the tax money that goes to fannie mae and freddie mac. we also ask the largest financial firms, companies saved by tax dollars during financial crisis, to repay the american people for every dime that we've spent. and we save an additi...

for those of you too young to remember that is a a 1970s movie. >> i want you to go to the window, stick your head out and yell, i'm as mad as hell and i'm not going to take this anymore! >> now that sounds like how a lot of people feel these days. this time, instead of the late actor peter finch, it was president barack obama who will people to take action. >> i'm asking you all to make your voice heard. if you want a balanced approach to reducing the deficit, let your member of congress know. if you believe we can solve this problem through compromise, send that message. >> and so ...

So if you're currently in the medicare about to go into medicare, it supposedly wouldn't affect you under that plan. >> right. >> the president's plan, also by the way, there' no cuts in defense really with that. the president's plan cuts across the board. you know, i think it's a lot fairer plan. the key point here, which i think a lot of people are missing, i don't mean to filibuster, is that we have to do things that are -- that keep the economy going and get it stronger and bring down unemployment. i don't think the rye an proch does that. >> let me talk right to that. the president's plan...

That's because the republican plan cuts tax. that's part of the debate. outlays, $40 trillion it would spend. the president wants to spend about $6 trillion more. don't think the republican plan would balance the budget. it would still add $5.1 trillion. that's more than $4 trillion less than the president's plan. we will in the weeks and months ahead. we'll not the our conversation. thank you. koupg, more on the breaking news out of japan. the company that owns that damaged nuclear plant says it has stopped tonight a highly radioactive leak from one of its reactors. when the no fly zone w...

Protesters in tehran yesterday. one person was reported killed. president obama is defending his fiscal year 2012 budget plan at a news conference a short time ago. he said program cuts and spending freezes, he's proposing, are based on tough choices. some democrats say the plan cuts too many critical programs, many republicans say it doesn't go far enough. the president is about to award the presidential medal of freedom to 15 people, including former president george h.w. bush. congressman and civil rights leader john lewis, baseball legend stan musial and cellist yo-yo ma. america's hig...