stupid and wasteful. do you expect president obama to respond to that? >> well, we're going to see when the senate presents a budget tomorrow, this is now going to be the first one from the democrats in four years. that will obviously had been done with the cooperation of the white house. we will see whether there is any real spending. i suspect the answer will be no. they will do some, you know, some show spend waste and abuse here without specifying. but i think in terms of how much the deficit is and how much is being spent, $3.6 trillion, it will be a trivial amount. the real question is will they cut entitlements and will they do tax reform? the president says he has offered stuff in the table in the back room with the speaker of the house. but has he ever proposed it? has he ever gone public. >> bill: i didn't see any of that. >> has he said i will
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