Tuesday, January 17, 2012

Putting Federal Debt In Perspective

I know that this could be a hot-button topic for some readers, but I'm not looking to start any kind of political debate with this post. The following video came to my attention through Adam Baker at Man vs. Debt. The video takes the topic of debt ceilings at the federal level and puts it into the context of an individual citizen's budget.

Applications for Education
When students (and some adults) hear talk about budgets in the billions and trillions can be hard for them to wrap their minds around what a change in budget means. This video might help students see budgets and borrowing in a slightly different light.