February 11th, 2011
09:32 AM ET
By CNNMoney senior writer Jeanne Sahadi
NEW YORK (CNNMoney) - This much is a shoo-in: President Obama will spell out hundreds of billions in spending cuts in his 2012 budget request on Monday.
What's unclear is how far his fiscal plan will go in taming U.S. debt.
Obama did promise last summer that this budget request would call the bluff of anyone who talks a good game on debt reduction but doesn't act.
Budget experts have made clear the kinds of measures they would consider serious bluff-calling. He could embrace his own bipartisan debt commission's plan, which would reduce deficits by $4 trillion over a decade. He could show a willingness to raise taxes on everyone - not just the rich. He could tackle Social Security and other entitlement programs.
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