looks at dick cavett when we continue. kids to have more exposure to the arts. kids funding for charlie rose was provided by the following: or maybe you want to help when the unexpected happens. whatever you want to do, members project from american express can help you take the first step. vote, volunteer, or donate for the causes you believe in at membersproject.com. take charge of making a difference. additional funding provided by these funders: captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin tonight with president obama, earlier today he gave his first news conference of the year. he began by defending his budget proposal for 2012. >> what i think is important to do is not discount the tough choices that are required just to stabilize the situations. it doesn't solve it, but it stabilizes it. and if we can get that done that starts introducing this concept of us being able to, in a serious way, cooperate to meet this fiscal challenge, and that will

when you were there and it was happening at abc you resisted anybody saying that dick cavett was intellectual, cavett was... >> yeah, i offended some people but i absolutely cringed and still do today when somebody... sometimes it was a european who moved here and would say "you're the only intellectual on television" and i'd want to say "shh!" because i got that reputation partly because i didn't know that you don't to read the guest books from cover to cover to talk to them for eight minutes about it.