Budget Debate: What Does Trillions in Spending Cuts Mean?

As budget talks beef up ahead of the quickly approaching debt ceiling deadline, both Republicans and Democrats are on the same page about the dollar figure of cuts, but remain wide apart -- both politically and ideologically -- on where those cuts should be centered. Republican lawmakers are increasingly making it clear that they won't back down from their demand for hefty spending reductions. House Speaker John Boehner on Monday said that spending cuts should be greater than any increase...Full Story