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FROM THIS EPISODE

President Obama announced his plan to reduce the federal debt by $4 trillion over 12 years. The Republican plan proposes to reduce the deficit by $4.4 trillion over 10 years. Of course each approach is quite different, and we compare and contrast the two plans, as well as each party's vision of the role of government. Also, we discuss this week's Senate bipartisan report on the culprits and causes of the financial crisis. Plus, the politics of sports: the Barry Bonds verdict and Kobe Bryant's gay slur. (Guest panelist Mary Matalin sits in for Arianna Huffington.)

Banner image: President Barack Obama (3R) holds a meeting with Vice President Joe Biden (3L), Treasury Secretary Timothy Geithner (R), and Erskine Bowles (2L) and Alan Simpson (2R), the co-chairs of President Obama's National Commission on Fiscal Responsibility and Reform in the Oval Office of the White House April 14, 2011 in Washington, DC. Photo: Gary Fabiano-Pool/Getty Images

Producers:
Jeff Rogers

Guest Interview Two Debt Plans; Financial Crisis Culprits; Politics of Sports

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