Oklahoma Senator Jim Inhofe Outraged Over Obama's Federal Budget Plan

The Obama administration has released the federal budget for the coming fiscal year, and it has Republicans upset.

Oklahoma Senator Jim Inhofe says he's outraged saying President Obama's plan decimates the military.

U.S. House Minority Leader Nancy Pelosi has called it balanced, fair and fiscally responsible, while Republicans are saying it's full of tricks, gimmicks and deception.

The White House is projecting that the national deficit will be reduced by $4 trillion over the next decade. To do that, the budget calls for tax increases on the wealthy and eliminates corporate tax breaks.

About a dozen tax breaks for gas and oil companies are also being eliminated.

Oklahoma Senator Jim Inhofe is angry about cuts to the defense budget, which total almost $500 billion.

"Well, I have to say my initial reaction was the same as it has been for the last three budgets, and that's outrage. This president has had over a trillion dollars in deficit in each one of his budgets, and the only ones taking the hits are military," said Senator Jim Inhofe.

The budget is not expected make it through Congress, and House Republicans say they'll release their own budget in the coming weeks.