How much do you really understand about the US National Debt and current deficits?

Listen to this 6 minute video explanation of our current debt, who actually holds it, and what it all means. If you’ve been swayed by political rhetoric using the debt as something more frightening than 16 trillion Freddy Kruegers, you will probably learn not to listen too closely to political polemics and you’ll gain a better grasp of the reality of our debt and how we might best handle it. Not understanding the true nature of our debt might lead us to embrace disastrous policies like the Luddites that now control the Tea Party are advocating, so it behooves us to understand it.