GOP Offer Alternative to Obama's Budget

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Republicans have realeased their alternative to President Barack Obama's budget.

In a show of solidarity, Wednesday, House and Senate Republicans walked down the Capitol steps to criticize the Obama's budget, while adding some beef to their own.

The GOP 10-year plan would trim the $3.6 trillion deficit by repealing much of the economic stimulus package, making the Bush tax cuts permanent, overhauling Medicare and freezing domestic spending.

Still, their plan projects deficits exceeding $500 billion, though much less than Obama's plan.

"The Democratic budget will double the national debt in five years and triple it in 10," Sen. Mitch McConnell claimed. "Looking at it another way, they will accumulate more debt than all of the presidents from George Washington up to and through George W. Bush."

The house is expected to take up a budget vote Thursday.

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