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You bar row to cover the difference. uncle sam does the same thing and all those deficits year after year add to a huge pile of national debt. how big? 14 billion. the u.s. currently has 14.296, trillions of dollars of debt. if we continue to spend at our current rate, the electricity will be 20.28. even with these reduction plans trimming it, it's slowing the rate of increase but the increase is still going up. >> the best way to reduce the deficit -- john f. kennedy proved it, president clinton approved it, and doing this.