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President Obama’s push to close tax loopholes has become central to the push for budget reform. Reuters columnist David Cay Johnston explains what Republicans and Democrats mean when they talk about so-called loopholes, and callers voice their opinions on which deductions and loopholes should and shouldn’t be kept. Plus: investigative reporter Susan Gregory Thomas on baby boomers’ high divorce rates and why Generation X-ers are different; and listeners nominate the greatest athletes of all time after Derek Jeter’s 3,000 career hits.