GAO Explains the Debt

Nov 8, 2013 | Budgets & Projections

The Government Accountability Office, the investigative arm of Congress, posted a short educational video explaining the national debt today. In a short time period, it explains the difference between gross debt and debt held by the public, why debt is measured as a percent of GDP, and why the long-term debt situation is troubling.

The video is a good educational resource for the basics of federal debt.