Tuesday night I watched a Frontline special Ten Trillion and Counting on PBS. It offered a great explanation of our nation's debt and how we got so far in the hole.
As we all know there was a budget surplus handed to President Bush from President Clinton. 2 wars, massive tax cuts and Medicare part D drained the surplus and sent our economy into a deep recession topping 10 trillion dollars ($10,000,000,000,000). During the first six years of Bush's presidency with republican controlled congress spending was out of control. In those six years, he never once vetoed any spending measure including his ever popular tax cuts.
Watch the video on the PBS Frontline website. The video is arranged in five parts. I would have put them in this post, but the embedding didn't work. If you missed this Frontline episode Tuesday night I strongly encourage you to watch it online or read through some of the analysis here.