This is one of my favorite videos that gives the BEST most simplistic explanation on this subject. By the way, this video was created May 15, 2009. I have taken the following from the youtube description:
How do the Obama deficits compare with past presidents? And how did the national debt get so big anyway. This video tries to answer those questions by looking at the debt as a road trip and seeing how fast different administrations have been traveling.
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