Putting the US Debt into Household Budget Terms

The US debt has just reached 100 percent of the GDP.  This is the total of what is produced and sold in society. Unfortunately, this is a major marker in America’s history, especially since a debtor nation is considered “bad off” with more than 50 percent of their GDP in debt.

Here’s a quick, funny video putting the US debt crisis into context by comparing it to a family’s annual household budget.