For all the talk about the economy today, and of debt in particular, one subject of immense significance that goes essentially unmentioned is monetary policy. Please do yourself the service of watching this video, which serves as a primer to the monetary system that is currently in place, not only in the United States but globally. If this is something you've never read about or looked into before, I think you'll find it especially fascinating, and you'll undoubtedly be left with a vastly different perspective on our current economic circumstances.
You may want to follow the link to watch the video so that you can see it in a larger window.
"Money as Debt"