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Cover the difference and all of the deficits add to a huge pile of national debt. how big? 14,000 billion. so deficits are spending more money than you make and debt is something owed, it's how much money you owe. the u.s. currently has $14.296 trillion in debt. if we continue to spend money at the current rate, the debt will top $25 trillion in ten years. under president obama's plan, that's 20.8 trillion. and under the paul ryan republican plan, it would be 19 trillion in ten years. think of that, even under these reduction plans, trimming it, it's just slowing the rate of increase but the i...

Big, important numbers and understanding them. what is the difference between a debt and deficit. when you spend more money than you make you run a deficit. you borrow to cover the difference. uncle sam does the same thing. all those deficits year after year add to a huge pile of national debt. how big, 14,000 billion. deficits are spending more money than you make and debt is something owed. how much money you owe. the u.s. currently has $14.296 trillion of debt. if we continue to spend money at our current rate our debt will top $25 trillion in ten years. under president obama's plan, that's...

Basic infrastructure like roads and bridges. >> the president: my budget freezes annual domestic spending for the next five years. even on programs i care deeply about. which will reduce the deficit by more than 400 billion dollars over the next decade. this freeze will bring this type of spending to its lowest level as a share of the economy since dwight eisenhower was president. >> republicans say the president's spending freeze doesn't take the deficit problem seriously enough. they are calling for 100 billion in spending cuts. today's gop response orrin hatch argues obama's reduction plans...

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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.