Thriftville vs Squanderville: Short Term Actions have Long Term Consequences.

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Leave it to Warren Buffett to distill U.S. national debt, the world’s worst trade deficit and something as boring riveting as Economics 101 in two minutes of easy to understand animation.

[click to site for video]

So the question remains… if the concept of national debt is so easy to understand, and we all seem to “get it”, why does it seem that we keep moving along the same old path?

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Posted by Matt SF @ 24 September 2009 0 comments

Tags : Deficit , I.O.U.S.A. , National Debt

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For legality reasons, it should be mentioned that I am in no way to be considered a financial professional in any capacity. I do not hold any certifications or degrees within the financial field. I’m just a guy writing about personal finance, investing, or other money saving tips that I think the money conscious crowd might find helpful. You should never take any information on this blog (or any other blog) as financial advice unless that is their stated goal.

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