President Barack Obama reviews his fiscal policy speech with advisors in the Oval Office, April 13, 2011. Pictured, from left, are: Rob Nabors, Assistant to the President for Legislative Affairs; Treasury Secretary Timothy Geithner; National Economic Council Director Gene Sperling; Office of Management and Budget Director Jack Lew; and Director of Speechwriting Jon Favreau. (Official White House Photo by Pete Souza)
Yesterday, President Obama laid out his plan for a balanced approach to achieve $4 trillion in deficit reduction over twelve years. The plan was based on the values of shared responsibility and shared prosperity. The President’s approach borrows from the Bipartisan Fiscal Commission and builds on $1 trillion in deficit reductions in the President’s 2012 budget.
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