Bryan is correct. It's a very common mistake for people to make. Hell, I even made it ~4 years ago and it fooled my brother 2 weeks ago. People see the belt spinning the compressor wheel and figure, hey the compressor is on, but they don't notice that the center isn't spinning. For the compressor to be running, EVERYTHING inside and out on the pulley / clutch assembly in front of the compressor MUST be turning. If its not you're either not getting 12v to the compressor or you're low on freon and the compressor is NOT "compressing"
What you're describing (equal pressures on the high and low side) is almost certainly a non-engaged compressor. Even a dead compressor can generate a little bit of a pressure differential in most cases.
Lane