President Barack Obama is responding to the GOP's so-called "pledge to America," saying the newly unveiled 21-page document is nothing more than a continuation of "irresponsible policies."

"What I'm seeing out of the Republican leadership over the last several years has been a set of policies that are just irresponsible. And we saw in their 'Pledge to America' a similar set of irresponsible policies," he told NBC's Matt Lauer Monday morning.

"They propose $4 trillion worth of tax cuts and $16 billion in spending cuts and they say we're going to somehow magically balance the budget, the president continued. "That's not a serious approach. So the question for voters over the next five weeks is who is putting forward policies that have a chance to move our country forward."

Obama's remarks come just days after House Minority Leader and other Republican leaders announced the document called "A Pledge to America."