‘We will all need to make sacrifices,’ President Obama says in detailing his 2012 budget package, which includes tax reform, cuts in domestic and defense spending, entitlement savings and a promise to preserve Medicare and Medicaid. President Obama called his 2012 spending plan a “balanced approach” that makes difficult choices but does so fairly. (Reuters / April 13, 2011) Related Stories By Michael A. Memoli, Washington Bureau…
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