Saturday, April 2, 2011

The Federal Deficit Reaching The Debt Ceiling – video

The Federal Deficit Reaching The Debt Ceiling – video

I know most people will find this financial stuff boring, but if you want to understand what the federal deficit means then you should consider watching this video. It puts it in plain context so everyone can understand it and it is not blaming either political parties. Instead, it just states facts.

Whether on an individual, company, or government level, the fact that one does not have enough income or revenue to pay his or her bills eventually catches up. That means when you spend more than you make, you will eventually go bust. It happens to millions of Americans every year known as bankruptcy which is at a 5 year high.



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