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Cuts and Tax Hikes - What's the Correct Balance?

President Obama has proposed a plan to cut into the nation's budget deficit.  It includes a mix of tax increases on the wealthy and cuts to popular programs.  What is the correct balance between tax increases and spending cuts? Is it two dollars in cuts for every dollar tax increase?  Ten dollars in cuts for every dollar in tax hikes?

Mike Thompson spends much of his time correcting people who mispronounce the name of his hometown – Worcester, Massachusetts. Mike studied broadcast journalism at Syracuse University when he was not running in circles – as a distance runner on the SU track team.