compounding nature of it and the $14.3 trillion overall debt when you add up the deficit year after year after year. a major problem. they are struggling. >>shepard: what is the word on how they legislate after the speech? what is congress in the middle of? >>carl: republicans have a series of ways to reduce spending. just yesterday, they moved forward with a plan to cut $2.5 trillion in spending more than the freeze the president is proposing. but democrats say that is just too draconian. so, there is a new proposal now for a balanced budget amendment. the idea being that you could not raise taxes or deficit spend unless two thirds of the house of representatives and senate approve. o hatch is a key person with this. >> americans are spending with in their hands but the same is not true for washington. just today, c.b.o. announced a