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What did you think of geithner's response? >> he is good at testifying. he is good at making sure you have no youtube moments i suppose even though you put one of those on. he is a smart guy but he doesn't want to really face up to the fact that their budget really does nothing to improve their debt situation. in fact their budget tries to claim credit for past laws, for the budget control act. when you strip awol way all the budget gimmicks and accounting tricks, tim knows this, this budget doesn't do anything dealing with our debt. instead of the cutting the budget 786%. this makes the debt ...

Sustainable fiscal path, because we are not on one now and we court great danger if we continue down this path. the president fails on both counts. huge spending increases and even bigger deficit next year than last year does not solve the long-term debt problem. the tax increases would slow down economic growth and he doesn't even address the biggest driver in our long-term deficit problem, which he has admitted is government health care spending, doesn't even address it in a meaningful, serious way. this is complete abdication of leadership. >> i'm going to follow up and chuck todd, feel fre...

Fence. >> now, we're way waiting action in the senate. he plans to cover some future spending by eliminating bush tax cuts by making more than $250,000 a year. >> we are poised to spend trillion dollars more on what a temporary tax break for the wealthy americans. >> all the things he is talking about, they are covering 8% of his spending increases. the other 92% is borrowed money. >> reporter: ultimately the argument over growth and jobs can be created faster by tax cuts or government spending. an argument that only a presidential election may be able to settle. jim angle, fox news. >> lawmak...

Fence. >> now, we're way waiting action in the senate. he plans to cover some future spending by eliminating bush tax cuts by making more than $250,000 a year. >> we are poised to spend trillion dollars more on what a temporary tax break for the wealthy americans. >> all the things he is talking about, they are covering 8% of his spending increases. the other 92% is borrowed money. >> reporter: ultimately the argument over growth and jobs can be created faster by tax cuts or government spending. an argument that only a presidential election may be able to settle. jim angle, fox news. >> lawmak...

Washington. >> chris: let me pursue this. the president is proposing the buffett rule. the idea if you are making at least a million dollars a year you should pay at least a 30% tax rate and proprosing this just as we find out that mitt romney who is a multimillionaire was paying a 15% tax rate. again, isn't that on just the simplist basis fair? >> if you oversimplify you could make the case. the effective tax rates at the higher end are still higher than everybody else. look at the math. all the tax increases only cover 8% of the proposed spending increases. the other 92% of the president's s...