Yeah, I know, I’ve beaten this drum for quite a few posts now, but it’s important to understand. For those less inclined to slug through my more lengthy attempts at explaining where we are and how we got here, watch this Special Report with Bret Hume which offers a more “capsulized” version:
And for those of you that really want to understand what happened, why, and how our elected (and a few appointed) officials are dealing with it, listen to this audio presentation by Mark Levin at his best. It’s long — about an hour — but you’ll get “extra credit” in Economics 101 for investing the time.