Washington
The US debt crisis has raised some very serious questions, and the answers floating around range from crazy to impenetrable. So we talked to Scott Pape, The Barefoot Investor, to shed some light on what’s going on.

Q. How the HELL did the US get into this mess?
A. Even though it’s the biggest economy on the planet, and it’s a really complex beast, they got to this point the same way that Tom from Townsville’s credit card got out of control – the US Government consistently spent more than they made.
And now they’re broke – and like Tom, that means they can’t pay for the basics.
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