campaign under way, compromise is not what republicans have in mind. >> the right goes wild. >> i've never seen a more wide open race for the republican inauguration. >> the obama administration is pro-deficit spending and pro-high taxes. >> he's obviously testing the waters pretty seriously here. >> can you even think of a republican you would consider voting for in 2012? >> president obama released his spending blueprint for 2012 today. the white house says the new budget would cut the deficit by $1.1 trillion in the next ten years. the 2011 deficit is projected to hit a record $1.65 trillion. the president's budget includes a five-year freeze on domestic spending, tax hikes on oil companies, and an 11% increase in funding to education. president obama calls the cuts in his budget tough choices.