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what is the difference between National deficit and national debt?

im confused. It seems these terms get used interchangeably. Is there a difference? Also, many different articles list different numbers for these the national debt. Is there an official number? Where can I get it? Which one does Obama want to cut in half? And is that the debt before the bailout or after?

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1. The national deficit is the difference in one years budget from the amount of taxes collected to the amount spent The national debt is the total accumulation of national deficits.
2. A deficit refers to the annual national budget. The debt refers to the total amount of money the US owes across all years.
3. The debt is how much money we owe total. The debt is constantly skyrocketing, but it's around 11 trillion. The deficit is how much money we are losing each year, and right now is around a trillion dollars (?). It's how much more money we would need every year to balance the annual budget.
4. The difference is that National deficit is how much we spend and take from taxes, and the national debt is the total amount we owe (of all deficits combined).
5. Obama says he wants to cut the deficit in half. They have explained very accurately what that means, however what Obama has said and reality are completely different. He will likely manage to double it. Do your own research about it. His deficits are outrageous. http://brillig.com/debt_clock/