$1.2 trillion out of the budget. he said that in his speech yesterday in the rose garden. >> what he's done is to propose a cut in the rate of increase in spending. a cut in the rate of increase in the debt. right now total debt $16.8 trillion. at the end of the obama second term $20 trillion. that's not a cut. it's a gain. >>steve: that's not why they -- that is why, one of the reasons they probably leaked before the sunday shows, hey, the president is going to take on entitlements. when you look at what he's talking about doing, he's saying hey, republicans, i'm giving you what you wanted, the chained c.p.i. thing, so you've got to give me a boatload of tax money, even though when you look at the chained c.p.i. thing, if you've got a $2,000 check, it would knock five bucks off. it is just a drop in the bucket. barely doing anything. >> you say you're tackling entitlements, tackling social security, nonsense. you're introducing chained c.p.i. which will reduce