Obama’s deficit plan sets up battle on Medicare, Medicaid cuts

By TAMARA LYTLE
AARP News
President Obama on Wednesday laid out a vastly different vision of how to wrestle the nation’s debt problems into submission compared with a Republican plan that comes up for a vote later this week.
“Doing nothing on the deficit is just not an option,” Obama told a crowd at George Washington University. “Our debt has grown so large that we could do real damage to the economy if we don’t begin a process now to get our fiscal house in order.”
Obama proposed cutting the deficit by $4 trillion over 12 years or less, compared with a $6 trillion cut over 10 years in the plan led by House Budget Committee Chairman Paul Ryan, R-Wis.

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