The big deal with a big debt

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  The national debt just hit $40 trillion.

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  The federal budget deficit is nearing $2 trillion.

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  Those numbers are increasing.

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  Today on the pod, what it means for you and why today's political dynamics are working against a solution.

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  It's the NPR Politics Podcast.

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  I'm Tamara Keith.

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  I cover politics.

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  I'm Eric McDaniel.

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  I cover Congress.

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  And our friend Scott Horsley, NPR's chief economics correspondent, is with us.

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  Hey, Scott.

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  Great to be with you.

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  And Scott, you are here because we need to do some Economics 101. What is the budget deficit?

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  Well, if you think about this kind of like your own personal budget, let's say you make...

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  $45,000 a year, but you spend $62,000 a year.

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