2012 Budget Proposals: Do You Think Leaders in D.C. Can Fix the Budget?

VIDEO: Jonathan Karl takes a look at the numbers behind the 2012 budget proposal.
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President Obama and the Republican leadership have released their proposed budgets for 2012 and neither addresses Medicare or Social Security, which make up about 40 percent of government spending.

Obama's $3.73 trillion budget focuses on cutting discretionary spending by reducing or eliminating funding for everything from Pell Grants to farm subsidies. The plan claims to reduce spending by $1.1 trillion over the next decade.

The GOP's proposal claims to cut $2.5 trillion over the next 10 years through more wide-ranging cuts in discretionary spending that would affect railroads, public broadcasting, energy research and many other programs.

Our question to you today: Do You Think Leaders in D.C. Are Capable of Fixing the Budget?

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