President Barack Obama's proposed budget for 2012 outlines $3.7 trillion in spending during the next fiscal year and $8 trillion in new debt over the next decade. All without even a notion of how to pay for any of it.

What could possibly go wrong? Or right?

3 Reasons Obama's Budget (and the GOP Response) Won't Fix Anything is written and produced by Meredith Bragg, Austin Bragg, and Nick Gillespie, who also hosts. Approx 2 minutes.

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This video is based on this piece for AOL News by Veronique de Rugy and Nick Gillespie.