quick to compromise with republicans. well, today that same president delivered this warning. i will not support i will not support any plan that puts all the burden for closing our deficit on ordinary americans. and i will veto any bill that changes benefits for those who rely on medicare, but does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. the rich, very rich politics of this debate in just a moment. first, though, let s take a closer look at what the president proposed today. the president, of course, trying to influence that super committee, as i said. here s the main proposal from the president. he wants to have a mandatory spending cuts, $580 billion over the next ten years. tax revenues, $1.5 trillion in new tax increases over the next ten years. war savings. the president says he ll be saving $1.1 trillion because the united states will be getting almost all of its troops out of iraq. many of it
president hopes now to influence that so-called congressional super committee, charged with drafting a big deficit reduction plan. fellow democrats for months on this issue and others have complained the president is too quick to compromise with republicans. well, today that same president delivered this warning. i will not support i will not support any plan that puts all the burden for closing our deficit on ordinary americans. and i will veto any bill that changes benefits for those who rely on medicare, but does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. the rich, very rich politics of this debate in just a moment. first, though, let s take a closer look at what the president proposed today. the president, of course, trying to influence that super committee, as i said. here s the main proposal from the president. he wants to have a mandatory spending cuts, $580 billion over the next ten years. tax r