CBS's Chip Reid Looks at the Numbers of a Proposed Spending Freeze

Chip Reid report:


The U.S. government is on track to spend trillions of dollars, but still carries a hefty balance from last year. As Chip Reid reports, President Obama has a plan to freeze budgets of domestic programs.

Obama proposed 3 year spending freeze savings of $250 billion over 10 years, but the National Debt will rise $9 Trillion over those same 10 years, a savings of 3%

Tonight's US Debt Clock: