With all of this talk about the deficit, it is important to remember that the 'deficit' is merely each years shortfall, which includes interest payments on the 'debt'.
The national debt is America's mortgage. It is now at an all-time high, and thanks to our current administration libertine fiscal policy, will probably grow to new heights.
Currently 6.5
trillion 
Current US Public Debt 'To the Penny' from the Bureau of Public Debt
I want a social moderate and a fiscal conservative in the White House
now!
The Concord Coalition is a bi-partisan group petitioning for fiscal sanity in the government.
Concord Coalition
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Exercise your rights and remember your obligations - VOTE!
I have always believed that hope is that stubborn thing inside us that insists, despite all the evidence to the contrary, that something better awaits us so long as we have the courage to keep reaching, to keep working, to keep fighting. --
Barack Hussein Obama