Senate Republicans were engaged in a colloquy on the Senate floor Wednesday morning in which they praised House Budget Committee Chairman Paul RyanPaul RyanNearly 600 VA dental patients may have been exposed to HIV, hepatitis Republicans raise red flags about ObamaCare repeal strategy Overnight Healthcare: GOP in talks about helping insurers after ObamaCare repeal MORE's (R-Wis.) proposed 2012 budget that would cut $5.8 trillion in spending over 10 years and transform Medicare in order to balance the budget by 2040 without raising taxes.

GOP lawmakers also spent time criticizing a speech President Obama is expected to deliver at 1:30 p.m. Wednesday regarding deficit reduction

"I truly believe the president should talk less about visions and dreams for the future and give us real numbers," said Rep. Pete Sessions (R-Texas) who was leading the floor discussion.