Debt is how much you owe, like how much your credit card balance is.
Deficit is how much you're borrowing/losing/hemorrhaging in a given time, like how much your credit card balance increases in a year.
Cutting the deficit by 1 trillion dollars would save TEN TRILLION DOLLARS in ten years.
I guess, technically, the summary could be valid if we're talking about a ten-year budget, but the national budget is something that's settled upon on an annual basis. Cutting the deficit by "an average of 100 billion dollars per year" would be more accurate.
Just because you can grow it, doesn't mean anyone actually wants to buy it.
But that's just the case with corn. There's been so much of it, and it's so darn cheap to grow, that people figured "well, crap, we have all this corn, let's figure out something else to do with it!" and thus the prevalence of high fructose corn syrup, and of using corn as the primary feed for a bunch of animals that had previously eaten grasses and such. Hell, I recall hearing they're feeding corn to FISH now.
Click on some of the links here, then read the articles. Seems to be about 50/50.
As for the last part of what you wrote: Ever consider that the decline in human attention span and the commoditization of news media might account for what you wryly observe as "get[ting] all the information you need from the headline"? And you would suggest that this is a good thing?
They are related, but different. I get all the information from a headline when the story has very little news to offer. Visiting Google News, some examples from the first page, and my reactions in parens:
Essentially, I get all the information from the headline when the article is shit, and I read further when the headline suggests a possibility of worthwhile content. I was actually surprised and somewhat more hopeful at how many articles I clicked on while compiling the list above because they seemed possibly interesting.
Then there are inaccurate and misleading headlines. I don't know who is responsible, but a link on Google News for "Michelle Obama Unveils Anti-Obesity Initiative" links to a story called "Michelle Obama's Anti-Obesity Plan," and the article itself says she "is expected to unveil an anti-obesity initiative next month." Another article, entitled "First lady surprises White House visitors," is simply linked to a video of her shaking hands with people on the White House tour. WTF is this doing on the first page of Google News?
I don't think this out-and-out corruption through bribery
You, sir/madam, are what is called an idealist.
A budget is just a method of worrying before you spend money, as well as afterward.