Daily Caller has the video, but for today’s lesson all we need is the text of a quick Q&A between a Washington reporter and Jay Carney:

Q: “When you say balanced, you don’t mean balanced …”

White House press secretary Jay Carney: “I mean a balanced approach to deficit reduction that includes asking everyone to pay their share.”

Q: “But it won’t be a balanced budget, right?”

Carney: “No. What the president’s proposal will do, as his previous proposals have done, is achieve the economically important goal of bringing our debt to GDP down below 3 percent.”

Allow me to translate Carney’s answer into English from the original Washingtonese:

No. What the president’s proposal will do, as his previous proposals have done, is achieve the politically necessary goal of indenturing your children to pay off our wealthy political allies.

I hope that clears things up for you.