On Monday, President Obama unveiled his $3.73 trillion budget for Fiscal Year 2012. The budget projects a record $1.65 trillion deficit for the coming year but vows to freeze discretionary spending and reduce the deficit to $627 billion by 2017. So what does this tell us about the president’s commitment to fiscal responsibility? How does the president plan to reduce the deficit over the next few years? Why doesn’t he address entitlements? And are Republicans in the House prepared to offer something better? We discuss it all with New Jersey Rep. Scott Garrett, vice chairman of the House Budget Committee.