President Obama unveiled a $3.78 trillion budget plan Wednesday that has people on the left and the right complaining – which could mean that it is the start of a meaningful compromise. Republicans don’t like some of the spending increases and nearly $800 billion in new taxes. Liberals are mad about the more than $1 trillion in cuts, including to Social Security and Medicare. But Sen. Mark Warner, D-Va., was encouraged, saying that the plan “cuts the growth in federal spending, makes targeted investments to strengthen the economy, and it passes the test of fairness by including specific, phased-in reforms to entitlement programs.”
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