You're confusing terms here a bit, I think. A balanced budget means that we aren't deficit spending. Our deficit DEFINITELY isn't measured in trillions; thats' the national debt.
Someone correct me if I'm wrong, but I think our projected deficit for this year comes around to the tune of $400-500 billion dollars.
Yes, that's a boatload of money, but compare that against our GDP to get the scale things...
