[ame="http://www.youtube.com/watch?v=Li0no7O9zmE&feature=player_embedded"]DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY. - YouTube[/ame]
Fantastic video, imo. Friday Tragedy: The US Debt Limit Explained Submitted by Tyler Durden on 01/27/2012 18:19 -0500 'Ordinarily this space would be reserved for Friday humor, but unfortunately, this is nothing short of a tragedy, especially since as of today the US debt target is $16.394 trillion, a number which will be breached before the end of the year, and possibly before the presidential election in November. As a reminder, in 2011, the US economy grew by 1.7%. It almost, but not quite, offset the growth of US debt held by the public, which grew at a brisk 11.3% pace in the past year...' http://www.zerohedge.com/news/friday-tragedy-us-debt-limit-explained