In our age of blitzkrieg media we are bombarded daily with evidence—reports, columns and studies, facts and statistics, pie graphs, line graphs, bar graphs, charts and tables, and figures with seemingly infinite zeroes—detailing America’s horrifying financial state. If you’re anything like me, some of this makes sense and some of it doesn’t.
A friend and stalwart news-watcher recently e-mailed me the following explanation of America’s financial situation. It was originally published over at Townhall, and it exposes this historic crisis in simpler, more personal terms.
