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Transcripts For WBAL NBC Nightly News 20101110

captions paid for by nbc-universal television good evening. it s got to come from somewhere. millions of people just days ago turned out at the polls telling us they were fed up with government spending. most of the candidates who won on election night said they were heading to washington to cut government spending. so what would you cut? that s the question the president asked a special commission to consider, and tonight, they are out with their list. it s not going to be popular, but, again, it s got to come from somewhere, and the question again is, where would you cut? we begin our reporting tonight with nbc s lisa meyers in washington. reporter: the dramatic proposal would touch every american. and alter two economic corner stones. the mortgage interest deduck shun and social security. the plan would reduce future cost of living adjustments, raise the retirement age to 68. and cut $200 billion from a broader way of government programs, half from defense. the co-chai

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