Budget Deficits for Dummies: Or how I learned to stop worrying and love $1.4 trillion

The US budget deficit for fiscal year 2009, which ended in September, was a record-shattering $1.4 trillion, equal to about 10 percent of Gross Domestic Product. In case you're wondering, the previous record had been set in...2008. $1.4 trillion dollars is a lot of money and it's hard to get your mind around that figure. One way to appreciate the sum is to think of it in terms of all the things that you could buy with that dough. The budget deficit, for instance, would pay for more than 1.2 ...

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YouTube | October 20, 2009

Tags:. .fiscal. .deficits. .trillion. .dough. .shattering