President Barack Obama said he would consider adopting some of the recommendations in the provocative debt-reduction plan from his fiscal commission, which wrapped up work Friday with more of a bipartisan accord than even its members had expected. Soon after the commission finished -- with 11 of its 18 members backing the package of deep spending cuts and revenue increases -- Obama issued a statement praising the panel's work. Without embracing any particular ideas, he said he would review them all as he looks for ways to 'correct our fiscal course.' 'The commission's majority report includes a number of specific proposals that I -- along with my economic team -- will study closely in the coming weeks as we develop our budget and our priorities for the coming year,' Obama said in a statement distributed by the White House. The plan is an attempt to shave $4 trillion from projected deficits over the coming decade. It reflects the view that chronic deficits and mounting debt, driven by fast-rising health care costs and an aging population, must be addressed aggressively even as the economy requires government help to recover from a deep recession. The package would make deep cuts -- most of them starting in 2012, given the economy's fragility -- in both domestic and military spending. It would overhaul the tax code, eliminating or reducing the $1 trillion a year in popular tax breaks for individuals and corporations. The resulting revenues would be used mostly to slash income tax rates, but also to reduce deficits. To ensure the solvency of Social Security for 75 years, it would raise payroll taxes for the affluent and reduce future benefits, including by slowly raising the retirement age for full benefits to 69 from 67 by 2075. Several Republicans welcomed the commission's plan, but were vague about the specific elements they might seek to turn into policy. Sen. Michael D. Crapo of Idaho, a member of the commission who supported the plan, called for 'immediate and aggressive action.' In a sign of where the political opposition might be most intense, though, the plan was rejected by all three House Republicans on the panel, all of whom will hold key positions in Congress. The commission did not formally vote because support for the plan written by the co-chairmen fell three votes short of the 14-vote supermajority required to send the package to Congress under the terms of Obama's executive order that established the commission. 