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$45.1 Trillion: Total Federal Spending Proposed By Obama’s FY2012 Budget Through 2021. $24.0 Trillion: Projected Federal Debt In 2021 Due To Obama’s Binge Spending. (OMB, 9/1/11) $14.9 Trillion: Current National Debt. (U.S. Treasury Department, Accessed 10/5/11) $9.1 Trillion: Amount Obama’s FY2012 Budget Would Add To The Debt Through FY2021. $6.4 Trillion: Cumulative Deficits Caused By President Obama’s Deficit Reduction Proposal. (OMB, 9/19/11) $5.2 Trillion: Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY2012-2021. (OMB, 9/1/11) $4.2 Trillion: Adde...

Doesn't balance. but it doesn't invest in the future. you're with young people right now, programs with with stephen is talking about, yes, we code and sister code, all of that is the future and that unfortunately is not the future reflected in the republican budget. >> let's talk about one of the other big issues that has effected detroit since the economic collapse and hitting hard among homeowners. you were an author of the tax act in 2007 and you are seeking to extend it through 2017. let's talk about the ideas in it. you have 24% of metro homes under water and 47% in default and headed to...

To afford to have a place. >> reporter: now like millions of other americans, she's upside down, owing more on the home than it is worth. >> the market and economy just like tanked. it was awful. you know, you're thinking you're going to have some kind of profit on your property if you ever wanted to sell it, but not in five years. it just kept dropping and dropping. >> reporter: and she is not alone. the latest numbers from housing market firm show 13 million americans, 25.4%, had negative equity in homes in the first quarter of 2013. >> you look across the country, the discounts as to what s...

Maybe the spread between what they paid for their house and what it's still worth is still too big. they're not ready to sell yet. >> people with negative equity is probably a big part. one in four mortgage holders have negative equity. but the other part is people with low equity. people forget that when you have a home and you want to sell, you become a buyer, or a renter. rents are at very high levels. you want to buy, you have to quali qualify. maybe 10% down five years ago or ten years ago was fine, you sell it for break even, you get your 10% back. but you need 20%. so if you're going to...

Home prices up 4.6% in august from a year ago. the largest year-over-year gain in six years. august marked the sixth consecutive month home prices rose in the united states. let's go to cnbc's jeff cutmore, live in london. >> good morning. you know how the saying goes, if there's a wealth effect in the housing market you get the trickle down. that's what we're talking about in this segment. we've seen this number coming out of core logic. they are suggesting a sharp rebound in home prices. it looks good on paper but let's not forget there's still more than one in five american home owners unde...