Updated from 3:04 p.m. EDT with additional plan details.NEW YORK ( TheStreet) -- President Barack Obama outlined his own plan to reduce the nation's deficit by $4 trillion over the next 12 years on Wednesday, while criticizing the path proposed by Republican House Budget Committee Chairman Paul Ryan last week. "Now that our economic recovery is gaining strength," Obama said in his address at George Washington University, "Democrats and Republicans must come together and restore the fiscal responsibility that served us so well in the 1990s."
|Obama outlines his fiscal policy.|
|U.S. President Barack Obama|