With all the talk in Washington around the lack of clarity, collaboration and concessions being made around the Debt Ceiling… I think it is appropriate to talk about why we got here in the first place. Over time facts become distorted and truth… well the truth people like to adjust to suit their own agendas.

Often we get information from a number of sources. However, at times this information can overload us.. This bulge of information can confuse too many. But the inability to provide the right information simply can make it even worse.

“If you can’t explain it simply, you don’t understand it well enough” ~ Albert Einstein

The following is an explanation from Robert Reich explaining why we have reached this point in our economy. Robert Reich is Chancellor’s Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. So I think he may know a little more about the path of the economy then let’s say your neighbor, co-worker or random ranting person on the street. Enjoy!

You may also like the following:

• BUSINESS SENSE: Is It time for rates to go UP? The case that makes sense
• Life, #HRevolution, Next Steps and 3 things
• Compare… but be Different
• Development: What a company owes you versus what you owe to yourself