in the meantime, joining us is former cbo director and treasury for secretary phillip swiggle. good to have you both with us. >> good morning. >> dan, every time we get a budget, obviously, we make all the kaf ycaveats of challenges e it's reality but what strikes you about this initial proposal. >> you know, the budget was really only three numbers, if you will. revenue, discretionary spending and what we call entitlements or mandatory spending. in this budget the president proposes to cut discretionary spending, particularly domestic, and some entitlements, particularly medicaid. but he leaves off the table, as he did during the campaign, social security and medicaid -- or medicare, i'm sorry. of course, interest on the debt you can't cut. so, there are substantial portions of the budget that are literally off the table, which means pretty big cuts to the rest of the budget and no revenue increases. >> certainly that's keeping mostly within the promises he made during the campaign that there would not be cuts to medicare and social security. >> yeah, that's right. and it just