I don’t usually post on Sundays, but with Geithner’s debt-ceiling deadline looming on Tuesday, I wanted to share this really great video. Using some math and graphs, the narrator explains the debt, deficit and debt ceiling in ways that even your 4th grader can understand.
It’s a little long — almost 10 minutes — but trust me, it’s not full of the gobbledy-gook that economists are sometimes famous for. You will be smarter after you watch it. Promise.
Questions? Ask them in the comment section. (But please skip the political comments. Math is neither Democrat nor Republican.)
Also, be sure to come back tomorrow for an exciting August announcement!