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Submission + - USA and the CLIFF

lsatenstein writes: "This is really enlightening!

http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0

much of the worlds economy is tied to the US umbilical cord.

    If you watch nothing else today....please watch this short illustration lesson. This is a non-partisan video produced by an accountant, Hal Mason, who retired after 27 years with IBM. He looks at the budget, its revenues and expenses, and very simply illustrates the financial problems of the U.S.

Amazingly, we get all the media talking heads blathering and shouting for hours and never give us clarity. This guy does it in a few minutes. The message seems to be very clear. Where Greece is today, we will be tomorrow, unless our representatives in Washington start to take some very decisive steps.

 "
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USA and the CLIFF

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