billion. president obama, eight date laser, april 13th, delivered his counter-plan for long-term debt reduction. that plan is titled shared prosperity and shared fiscal responsibility. >> i will not tell families with children with disabilities they have to fends for themselves. >> here are the obama reforms on medicare and medicaid. reforming medicare beginning in 2018, roughly seven years from now, there will be a hard cap on coverage costs. reforming medicaid, a single rate for all states. projected savings, president obama claims that over 12 years his program will nearly $500 billion. >> let's look at these real clear metrics. taxes obama plan, raises tax $1trillion. by 2023 ryan's plan cuts taxes but 2.3 trillion.