Jones ,
I believe all of us with the exception of the politicians know the difference between deficit and debt.
The real question is how can you have a budget deficit when you do not have a budget ?
Spending way more than you take in is a recipe for disaster.
If we can not eliminate deficit spending --the debt will continue to climb unless you raise tax levels that would completely shut down a very weak economy.
Pelosi or any other Idiot bragging about a reduction of the deficit --is frankly insulting.
Sure the government is so so different that us.
How many years of severe deficit spending in your personal life could happen before your debt led you to financial disaster and bankruptcy ??