Republicans Bring a Hatchet to the Budget Debate

With the shortfall between spending and income growing day by day, Republicans yesterday offered their ideas for a balanced budget: $15.6 billion in cuts -- more than $10 billion from education -- and $6.5 billion in so-called "new" money. Governor Schwarzenegger and the Democrats scoffed at the plan, but conceded it was better than no plan at all. We get three perspectives.