Senate Republicans were engaged in a colloquy on the Senate floor Wednesday morning in which they praised House Budget Committee Chairman Paul RyanPaul RyanLou Dobbs: Trump 'pretty close to perfect' Republicans won't vote on ObamaCare replacement bill this week Overnight Finance: Dems explore lawsuit against Trump | Full-court press for Trump tax plan | Clock ticks down to spending deadline 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.