those fearing the weaponization of space could find hope in veronica obama's election ogata tens of billions of dollars in wasteful spending cut investments in other proven missile defense systems will not weaponized space. as soon as he took office the white house announced that it would be seeking a worldwide ban on weapons that interfere with military and commercial satellites. however it proved difficult to change decades of entrenched military policy and programs to weaponize space. history suggests that nations do not voluntarily disarm they disarm because they're defeated or they make small adjustments in the way they buy and build and deploy their weapons but no superpower says you know it would be better if we were weaker i don't recall that ever happening. obama went on to allocate billions of dollars for a full range of space control systems including a program called offensive counter space. the pentagon define this new program as offensive measures to disrupt. degrade or destroy any adverse or is peacekeeper abilities. yet. the air force academy in colorado springs for the doctr

i'm veronica dela c uxcruz. today president obama plans to roll out his plan. go live to nbc's tracy pots in washington. >> reporter: good morning. word this morning from the white house is that the president will propose a 4.4 deficit reduction plan. less spending on medicare and medicaid and spending on pentagon and defense spending issues. and tax increase that republicans say they don't want to talk about until we cut more from the budget. any talk of a tax increase is a non starter. the minority leader in the senate says that you can't tax your way out of debt. republicans also saying they don't want to raise the nation's debt limit so that we can take on more credit. they are pushing back a vote on that until july which would be after we hit the limit but before any bills would come over due. the treasury department saying that would become dangerous. we are expected to hit a record $1.4 trillion deficit this year. >> thank you. former egyptian president facing questions and battling health issues. he is reportedly been diagnosed with an igregular heart b

veronica dela cruz. today we begin with digging out of the deficit. president obamaaid out his blueprint yesterday for how to get out of the nation's debt. not surprisingly, the republicans say the plan doesn't work for them. nbc's steve handelsman reports. >> reporter: under fire from critics who claim he's failed to lead, president obama laid out his new plan to blood up our red ink. >> we have to live within our means. we have to reduce our deficit and we have to get back on a path that will allow us to pay down our debt. >> reporter: the obama goal is to wipe out $4 trillion of deficit in 12 years, debt declining as a percentage of the economy in 2015. with a fail-safe clause to force spending cuts if that target is not hit. and for every $3 in spending cuts, $1 in tax hikes. focused on the top brackets, plus mortgage and charitable deductions. >> we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. we can't afford it. and i refuse to renew them again. >> reporter: republicans said no way. >> raising taxes is not wh