House Budget Committee Chairman Paul Ryan (R-Wis.) lambasted President Obama on Wednesday for taking the deficit too lightly in his State of the Union address.

Ryan, holding his first hearing of the budget panel since running for vice president last year, said the latest deficit projections from the Congressional Budget Office show Obama is “deluding” himself on the debt.

“It seems as if they think the heavy lifting on debt reduction, deficit reduction is behind us, we have just a little bit left and then we’re done,” Ryan said. “I really worry that our partners in government, here — two-thirds of it, the Senate and the White House — are deluding themselves in thinking this thing is taken care of.”