fourth budget from this president with a $1 trillion deficit each year, obviously a breaking of that plomis, but worse yet, no credible solution to deal with our debt, to deal with this great threat to tomorrow's economy and tomorrow's future for our kids. instead, we get the politics of envy and division. instead, we get smoke and mirrors, accounting tricks, budget gimmicks. if we're going to save this country from a debt crisis, we have to have leadership. and i've got to say, i'm disappointed that we're not get thing from the president. with that, i look forward to questions and i yield to the ranking member. >> thank you, mr. chairman. i want to add my word of welcome to that of the chairman. after your testimony in the senate yesterday, you're already battle tested. welcome to the job and thank you for jumping into the breach, as the chairman said. and i believe you've gotten off to a very good start. i'll just point out that "the new york times" editorial was headlined, a responsible budget. i think it's important tory mind everybody that when the president took office, that he inheri