Can someone explain this news article to me?

This is hard. It hard to understand. I only got a brawl view about debt and economy, but I don't get it.


Can anyone explain in great detail to me. What is going on. Or however, you like to explain it, but please be revelant and not a troll.








http://www.nytimes.com/2011/09/30/busine鈥?/a>|||By debt and the economy, I will assume you are referring to the U.S. Federal debt and current economic conditions. Obviously, both are in a bad state right now. With the total Federal debt approaching $15 TRILLION and our spending spree adding more each year, we need to both reduce spending and bring in more revenue (income) to get things under control. The basic problem is that the Federal government takes in about $2 TRILLION each year but spends more like $3 TRILLION each year. That cannot go on forever or even for the next few years.





If you are looking at or discussing/writing about this issue, you need to first describe the problem (as above) and then explain specific ideas to solve the problem.