2012 Budget Proposals: Do You Think Leaders in D.C. Can Fix the Budget?

VIDEO: Jonathan Karl takes a look at the numbers behind the 2012 budget proposal.PlayABCNEWS.com
WATCH Budget Cuts: Where Does Money Go?

President Obama and the Republican leadership have released their proposed budgets for 2012 and neither addresses Medicare or Social Security, which make up about 40 percent of government spending.

Obama's $3.73 trillion budget focuses on cutting discretionary spending by reducing or eliminating funding for everything from Pell Grants to farm subsidies. The plan claims to reduce spending by $1.1 trillion over the next decade.

The GOP's proposal claims to cut $2.5 trillion over the next 10 years through more wide-ranging cuts in discretionary spending that would affect railroads, public broadcasting, energy research and many other programs.

Our question to you today: Do You Think Leaders in D.C. Are Capable of Fixing the Budget?

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