Well the actual plan is out, and it's good to see the Washington Post give it fair consideration:
After getting blasted last week for presenting a budget plan light on details, House Republicans yesterday unveiled a more complete proposal that would cut taxes for businesses and the wealthy, freeze most government spending for five years, halt spending approved in the economic stimulus package and slash federal health programs for the poor and elderly.

Rep. Paul Ryan (R-Wis.), the senior Republican on the House Budget Committee, said the plan would stabilize the rising national debt by requiring the nation to borrow about $6 trillion over the next 10 years, $3.3 trillion less than would be required under the budget request submitted by President Obama.

Annual deficits also would be slightly lower than under the revised budget plans that emerged last week from the House and Senate budget committees. The revised Democratic proposals would require the nation to borrow about $4 trillion over the next five years, compared with $3.1 trillion in new borrowing under the GOP alternative.
WaPo aptly summarizes it as tax cuts for the rich and "slash"ing spending for the poor and elderly. Further, we also learn that the difference between 3 and 4 trillion- a difference of $1 trillion, is only a slight difference. That's just like how if you got a 25% raise at work, it would only be a slight raise.....

I'm glad that they're taking such a serious, balanced look at the proposal.

Now, if you actually want to learn something about their proposal, you could look at the writeups on Heritage which takes a more detailed and yes, favorable view of it. At least Heritage admits they have an agenda.
Spoiler Alert, click show to read: 
Answering President Obama's challenge for critics to present alternatives, the House Republicans have offered a responsible budget blueprint that:

* Borrows $3.6 trillion less than the President's budget;
* Would create $23,000 less debt per household than the President's budget;
* Keeps federal spending just above 20 percent of the gross domestic product (GDP)—the same level as before the recession;
* Avoids all tax increases and even simplifies the overly complex tax code;
* Includes a temporary moratorium on earmarks; and
* Begins reforming the unsustainable costs of Social Security, Medicare, and Medicaid


Lastly, you can look at the actual documents here... the links are at the bottom of the page.