he ll make some cuts. he ll do a spending freeze for all but paychecks coming through. this should provide a more efficient chicago. no daley in the mayor s office in a long time. we asked you, former president george w. bush graduated from harvard business school the same year as which 2012 presidential contender? the answer former massachusetts governor mitt romney. that year? 1975. up next,y in hollywood star who is taking on a new role as political campaign manager. you just don t get it. you are 5-foot nothing, 100 and nothing without a speck of political experience and you ve hung in there with the same politicians the system offers up year after year since you got into this campaign. can the rudy platform help an underdog win a seat in congress? with just one day of campaigning left, actor and campaign manager sean aston will be here with us.
father just a few months ago. the new mayor is facing a lot of problems, rising fear of crime, city schools that graduate 55% of their students and most prominently a real budget crisis. hundreds of millions of dollars in the red. he s expected to announce an all but complete spending freeze in city coffers. and he s quoted as saying in remarks that were released ahead of time by his people, we simply can t afford the size of city government we have had in the past. emanuel takes office with a pretty substantial electoral mandate and with a reputation for getting things done. he s taking office at a very tough time in chicago. i point out the mountain of work ahead. but it really is a historic day for chicago. this is the first new mayor in over two decades. also historically to point out the first jewish mayor in the history there. what s the feeling like in the city on this day? reporter: well, rahm emanuel has vowed reform. there are some naysayers, but obviously he got 55% of a
let s go back inside to clayton. thanks, guys. we can t get warm coffee here. you think we can warm up a dunk tank? good luck with that. coming up on the show, the president being portrayed as a deficit slasher? the president wants to show he can cut as well as spend. president obama calls for a big spending freeze. the president promises pain. pain, is that really accurate? bret bosell with his weekly dose of media bias coming up next and then a double dose of america. why we have not one but two miss americas live here in our studio. first, the trivia question of the day. it s pain relief without the pills.
coming. in fact, we know that in 2 1/2 years, he increased the deficit by $3.6 trillion. it is higher deficit spending than all presidents from george washington through ronald reagan combined. it s the most outrageous example of deficit spending imaginable. he s bankrupted this country. now he s saying it again and they re believing it again. so you think, then, the media would pay attention to those numbers you just talked about, tripling the deficit in the first year alone. here s a montage of how the media responded to that increase. take a look. hopes to get control by slashing the federal deficit in half over the next four years. deficit hawks applauded the president s focus saying ignoring the problem could cause a more severe crisis. the president wants to show he can cut as well as spend. president obama calls for a big spending freeze and focuses on plans to help the struggling middle class. in his $3.7 trillion budget proposal, the president promises
2012 elections, that he might be isolating the base or liberal democrats in his party. the president wants to lay out for them what he plans to deliver this afternoon. thanks, dan. one of the people watching the speech closely will be eric cantor. he joins us from capitol hill. welcome. thanks for being with us. you said earlier on the sunday shows that you had to bring the president kicking and screaming to actually cut spending. so, here he is today, he s outlining his long-term cuts to reduce the deficit. isn t that a good thing? certainly. i think we welcome the president s entrance into this debate. it s been several months now where the president has stood back and frankly, almost ignored the problems we face. the president, when he addressed the country in a state of the union address, insisted we needed to invest in this country. he called for a spending freeze and didn t advocate any cuts.