With a federal budget of $3.6 trillion, a deficit of $1 trillion and a total debt of $16 trillion, it can be difficult to fully comprehend where all this money comes from and what the U.S. government spends it on. Paul Solman talks to The Wall Street Journal's David Wessel about his new book "Red Ink," a primer to the budget.

This video is from the Making Sen$e with Paul Solman video series from PBS. Learn more about these videos and view a listing of the most recent videos we have available.

Key Concepts

Budget Deficit, Government Revenues, National Debt, Federal Budget, Government Spending

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INTERACTIVE TOOL REVIEWS

  • “This video is a very good overview of the deficit and debt issues - I like this genre better than the animated ones, as my high school students sense this is more "real world". Thanks!”

    M. Conley, Mountain View, CA   POSTED ON November 25, 2012

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