done a big thing in this budget? some argue no, given that he didn't tackle some of the biggest engine pexpenditures ou medicare, medicate, social security, and defense. does the president think he's done big things? >> when the president took office two years ago he inherited a deficit growing 10% of the economy. he's put forward a budget today that cuts it in half by the end of his first term and brings it down to a level wrihere by the d of the decade it's done. he's addressed many of the things that you've just mentioned. he has big defense reductions. he has savings in health care programs. he's done it by putting everything on the table and doing it in a balanced way. if you look at our budget it's the only plan where we reduce spending and reduce the deficit and hit that target. >> let the debate begin, mr. lew. republicans take issue with a lot of what you have said and let it be known.