pojecting it will hit $1 trillion in a budget year. that scare as lot of people. the president promised to reduce or eliminate the budget deficit and now it seems to be surging. is there a plan? do the republicans have a plan to reduce it? i m sure republicans would love to cut spending, but the increase is a by-product of divided government. we saw actual revenues surge by mar than 4% last year, but spending surged twice that much largely on things like defense spending and entitlement spejd. over the last ten years, my wife and i have had a lot of kids in the house. i ve learned one thing, it s not popular to have one parent say no. you need a parent to truly have resolve. you won t see spending cuts until both parties are together and say enough is enough. the problem is spending is popular. the spending priorities, the
fragile economy. he will acknowledge the ties and increase republican power here in washington, main date a focus on deficit reduction. and we re told the president will call for a five-year freeze on federal spending. but he will also forcibly make the case for new targeted spejd. investment is his key word. most republicans have already said no, there s no room for new spending and that a spending freeze isn t enough, that there must, must be deep budget cuts. we have a packed hour ahead as the republicans answer with not one but two responses, exposing a new continuing tea party tensions with the gop establishment. let s set the table with what you need to know right now. our senior congressional correspondent dana bash is on capitol hill but first senior white house correspondent ed henry with the latest on the president s proposals and his goals. ed? reporter: he says he s going to use two recent events, the