it. the budget deal that was struck last week that raised spending caps by $300 billion over the next two years, that s the working framework that we re going to be living with for the next couple years. dana: congressman from indiana was on earlier. he said he likes the budget. said he loved it. said that by the president addressing medicade, snap and pam, that that will be enough and that you don t need to do really anything on medicare and social security right now. do you agree with that? just from an economical standpoint, not politically. well, i respect the congressman and he represents my home state, the district i used to live in in indiana. i like him but i don t agree with what he said. i think the reality is the entitlement side of our budget, which is the programs are medicare, social security and medicade, are over 50% of the federal budget now. ordinary americans can be forgiven for not quite understanding how this budget stuff works.