If I may ask a follow-up question...

"What do you mean there's no such thing as a free lunch?

From the the Wall Street Journal's transcript of today's I notice the following comment Obama made. In response to a question from Jack Tapper about what his concrete proposals were Obama, in the midst of over six minutes of aimless babbling, said the following:

"But it turns out that making some modest modifications in those entitlements can save you trillions of dollars."

The follow-up question to that sunshine writes itself:

"What are these modest changes that can save us trillions of dollars? Also, why haven't you already proposed such wondrous, money-saving legislation and for that matter passed it last year when Democrats controlled both the House and the Senate?"