Thursday, July 28, 2011

You Too Can Understand The Debt-Ceiling Debate!!!

Marketplace Senior Editor, Paddy Hirsch, (successfully) explains the debt-ceiling debate in less than 4 minutes:



As one commenter explained, here's the rundown:

airport = economy
cloud/storm = debt debate
planes = investors
passengers = consumers
control tower = American government

Salman Khan, founder of the AMAZING khanacademy.org, explains the difference between the deficit, debt, and their effect on the debt-ceiling:

1 comment:

  1. That's good stuff, though maybe a bit over-simplified.

    ReplyDelete