House and Senate leaders unveiled competing proposals for solving the debt ceiling dilemma. GOP House Speaker John Boehner's plan would cut $1.2 trillion now, raise the debt ceiling by $900 billion, and require a second increase before the 2012 election. Democratic Senate Majority Leader Harry Reid's plan would cut spending by $2.7 trillion â€” with no entitlement cuts â€” and raise the debt ceiling by $2.4 trillion, enough for more borrowing through the election. Neither plan raises revenues. Michele Norris talks to NPR's Andrea Seabrook and David Welna, who break it down.