National Debt for Beginners

For anyone puzzled by economic catch phrases, code words and terms, I present (really NPR presents):

National Debt for Beginners

This is a good, concise piece putting national debt into context.

With the annual U.S. government deficit recently projected at $1.2 trillion (not counting additional spending expected from the fiscal stimulus package now before Congress) and President Barack Obama warning about "red ink as far as the eye can see," government debt is once again near the top of the policy agenda. Which raises the question: What is government debt? And what's so bad about it?

National Debt for Beginners

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a.Rias
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