President Obama's budget proposal - is already drawing criticism from both sides of the aisle. His budget blueprint is calling for cuts to Medicare and Social Security and includes tax increases. The president says it's courageous and stands by it.

"[D]ebate in this town has raged between reducing our deficits at all costs and making the investments necessary to grow our economy. And this budget answers that argument. We can grow our economy, and shrink our deficits," Pres. Obama said.

Outfront tonight: Stephen Moore, member of the Wall Street Journal editorial board and Hillary Rosen, democratic strategist and a CNN political contributor.

It looks like nobody's too keen on President Obama's new budget plan, including President Obama.

"The offer that the president made to Speaker Boehner and which is incorporated in the president's budget is not the president's ideal approach to our budget challenges," said White House Press Secretary Jay Carney.

And for once, everyone in Washington agrees. Of course the plan includes tax hikes – a non-starter for Republicans.
But the president is also calling for cuts to Social Security and Medicare - a non-starter for his own base.

So does this new proposal stand a chance or is it a waste of time?

Outfront tonight: Hugh Hewitt, Host of the nationally syndicated Hugh Hewitt radio Show and Jim Kessler, Senior Vice President and a co-founder of Third Way.