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(Studio: Anderson Cooper) President Obama's new budget with a 3.6 trillion dollar budget with a 1.7 trillion dollar deficit reported. [OBAMA - speaks about the budget and our commitment to America; talks about the short-term deficit and the need for fiscal discipline over the long run; promises transparency and honest accounting over this budget.]
(Studio: Ali Velshi) How this budget is a change in policy with a projected decrease in defense spending after troops are out of Iraq in 2010 reviewed; details given about spending and projected spending on health care, education, alternative energy. Obama's promise to halve the deficit and how this can be managed by increasing income through tax increases, closing corporate loopholes, the idea of economic recovery in 2010 and bringing down defense spending discussed.
(Studio: Anderson Cooper) The all-out attack on the budget plan noted. [OBAMA - says his budget will not be free from scrutiny and we will roll back tax cuts for the wealthiest.]
(Studio: Anderson Cooper) Live discussion held with CNN's David Gergen, former comptroller general David Walker and Optimum Capital Management's Ryan Mack about the budget. [GERGEN, WALKER, MACK - offer headlines for the budget.]
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