The Federal Debt in 3 Minutes: VIDEO

August 26, 2014

The federal debt impacts the budget process and is used by lawmakers on both sides of the aisle to justify spending levels. Advocates need to understand it. This short animated video can help.

David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, helps you understand both the short-term and the long-term picture of the federal debt.

The Federal Debt: All You Need to Know in Three Minutes

 

From the creators:

One of the missions of the new Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution is to improve public—and congressional—understanding of major budget issues confronting the U.S. To that end, we’ve boiled the facts about the outlook for the federal debt down to a 3 -minute animated video in which I trace the recent ups and downs (yes, downs) of the projections for federal borrowing over the next decade.

The video relies on projections of the federal debt made by William Gale, the Arjay and Francis Miller Chair in Federal Economic Policy at Brookings, and Alan Auerbach, Robert D. Burch Professor of Economics and Law at the University of California, Berkeley. George Burroughs was the producer, Sareen Hairabedian was the lead animator, and Mark Hoelscher the animator.

Read the full blog post  on The Brookings Institution site.