Budget Deficit: Will Obama's Plan Work?

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As Congress battles out a deficit reducing plan, many Americans are wondering which party's plan will put American back on the road to financial health.

Among other things, the proposal includes tax hikes, changes to Medicare and Medicaid, and elimination of Bush-era tax cuts for the wealthy.

"There's nothing serious about a plan that claims to reduce the deficit by spending a trillion dollars on tax cuts for millionaires and billionaires," Obama said. "And I don't think there's anything courageous about asking for sacrifice from those who can least afford it and don't have any clout on Capitol Hill."

Rep. Paul Ryan, R-Wis., architect of the GOP's "Path to Prosperity" debt plan, was less than thrilled with the president's debt reduction plan.

"I was excited when we got invited to attend his speech today," Ryan said after Obama's Wednesday's address. "I thought the president's invitation of (Reps.) Camp, Hensarling and myself was an olive branch."

"Instead, what we got was a speech that was excessively partisan, dramatically inaccurate, and hopelessly inadequate to addressing our country's pressing fiscal challenges," he said.
    
So which party's plan is most effective?

Our roundtable of experts -- including CBN Washington Correspondent Jennifer Wishon, CBN Political Correspondent John Jessup, CBN Political Analyst John Waage, Sen. Lindsey Graham, GOP Reps. Thad McCotter and Paul Ryan, Less Government's Seton Motley, and Third Way Communication Director Sean Gibbons - will address that question and others on CBN News Channel Midday News, April 14. Click play to watch.

More from roundtable experts:

- What Obama's deficit plan means for budget battle.

- The fight brewing over Social Security other entitlement programs.

- Final thoughts.

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