Big Numbers and the White House Budget

Introducing his $3.8 trillion budget today, President Obama first said he inherited a massive deficit run up by the Bush Administration. Then he laid out what he called a plan that's "more efficient and more effective.” While welcoming new ideas from either party, he rejected outright "the same old grandstanding when the cameras are on and the same irresponsible budget policies when the cameras are off.” Michael Scherer is White House correspondent for Time magazine.