Unlike the president's speech, which was rhetorically heated but substantively hollow, our budget contains specific solutions for confronting the debt and averting the most predictable crisis in our nation's history . . . Unlike the speech, our budget advances a vision of America in which government both keeps its promises to seniors and lives within its means.

Two months ago, President Obama submitted a budget for fiscal 2012 that did not deal with the major sources of government spending while calling for much higher taxes on American businesses and families. This budget was widely panned as lacking seriousness.

Now comes a deficit speech that doesn't even rise to the level of a plan.

. . . If President Obama won't lead, we will.