President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade with two and a half dollars of spending reductions for every one dollar of revenue increases and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.

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I understood the importance in principle of public key cryptography but it's all moved much faster than I expected. I did not expect it to be a mainstay of advanced communications technology.