on new reaction coming into the budget's president plan. president obama unveiling a $3.8 trillion plan that the white house insists will reduce our ballooning decifit. republicans argue it runs against president about him's own promise made at the beginning of his presidency. >> that's why today i'm pledging to cut the decifit we inherited by half by the end of my first term in office. now, this will not be easy. it will require us to make difficult decisions and face challenges we've long neglected. but i refuse to leave our children with a debt they cannot repay, and that means taking responsibility right now, in this administration, for getting our spending under control. megyn: joining me now, fox business network's lou dobbs, host of "lou dobbs tonight". lou, already the president's critics are coming out and saying this is a political document, it is not an actual budgetary proposal. what say you? >> well, i say they are