It's spearheaded by Janesville Rep. Paul Ryan (R). In it, the budget will be balanced in ten years with nearly $5 trillion in spending cuts. Much of those savings comes from repealing the President's healthcare law. "Will the President take every one of these solutions? Probably not", says Ryan. "What we're saying is 'here's our offer, here's our vision, here's how we propose to plan, to budget, balance the budget, and grow the economy.'"
Rep. Cheri Bustos (D-17th) issued the following statement after hearing Ryan's ideas. "Instead of looking for... working families, Ryan's budget shifts even more costs onto the backs of those who can least afford it. It truly represents the sort of upside down priorities that have plagued politicians in Washington for far too long."
Democrats will release their own budget plan tomorrow.