Government Debt and You

A reader sent me this little YouTube video that quite clearly explains what happens when Uncle Sam spends more money than he takes in.

See it here; http://www.youtube.com/watch?v=rG1DUn8mMwk

Notice how the video ends with a comment about global economic collapse...and how that has never happened before so it's "pretty scary".  The narrator then says something about preparing for this....but doesn't offer any tangible advice on how he believes we should be preparing.

Hat tip to Guy B.