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All i'm asking for, send to it states for their approveal. that is all i'm asking for. we'll give you, mr. president, what you want more than anything, a $2.4 trillion debt ceiling increase and deal within 2013. >> greta: what about entitlement problem? >> it's a problem. i want tax reform. and you're not going to do that in three, four, six days. it's just not going to happen in a short amount of time. >> greta: if he does do taxes first for the full commission they said 3300 earmarks and came up with a plan how to deal with that. i just got to ignore it. >> okay. we called it our house repub...

All i'm asking for, send to it states for their approveal. that is all i'm asking for. we'll give you, mr. president, what you want more than anything, a $2.4 trillion debt ceiling increase and deal within 2013. >> greta: what about entitlement problem? >> it's a problem. i want tax reform. and you're not going to do that in three, four, six days. it's just not going to happen in a short amount of time. >> greta: if he does do taxes first for the full commission they said 3300 earmarks and came up with a plan how to deal with that. i just got to ignore it. >> okay. we called it our house repub...

Megyn: mike emanuel is live at the white house. we have a debt at $14 trillion. the president's plan is to cut $1.1 trillion over 10 years? report right. bottom line, president obama said this is about making tough choices and sacrifices, though presumably a lot of the sacrifices about be made after our economy is doing better. the 2012 fiscal budget was delivered earlier this morning. it does not deal with the entitlement problem. budget officials say cutting spending and deficits will require putting political differences aside and working together. the idea is setting up a blue print of cut...

When are we going to get serious about cutting spending? and our members want to take this leap forward because it has to happen and it needs to start now. >> but, mr. speaker, if you were serious about cutting spending as you just said, wouldn't you deal with the biggest culprits in the budget? you're not doing that. you're not dealing with the military, you're not dealing with entitlements, you're dealing with a small portion, about 16% of the budget. >> this is the first step. as i've said, there are many steps to follow. there are some defense spending cuts in this package. there are manda...

There are some defense spending cuts in this package. there are mandatory spending cuts that you'll see brought to the floor here in the coming weeks. you'll see our budget where i've got to believe we're going to deal with the entitlement problem. the president has asked us to increase the debt limit. and yet he's going to present a budget tomorrow that will continue to destroy jobs by spending too much, borrowing too much and taxing too much. >> let me stop you there. there's a few things you said and i'd like to follow up on each of them. first of all, i think it's important for everybody t...