This is the best primer out there for understanding the Federal debt problem.  It was produced by the Peter G. Peterson Foundation, a non-partisan group dedicated to solving the Federal debt problem.  The video was made in 2007, back when the debt was “only” 8.7 trillion.  The debt stands over 12 trillion, a 40% growth in just the last 2 years.  Overall government obligations are 54 trillion, or $184,000 per person and $548,000 per household according to USA Today (see story here).  Even in the face of this, government continues to expand its reach and its obligations.  Watch this video and let us know what you think: I.O.U.S.A.