US Debt and Deficit: Why You Should Care

Last Updated Nov 19, 2010 9:36 AM EST

$13.7 trillion is a number that sounds incomprehensible, which is why I thought it was time to break down the US debt, the deficit and explain why you should care about these crazy numbers. Here's the segment with CBS3:

For more on the debt and deficit, check out these 18 Scary US Debt Facts

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    Jill Schlesinger, CFP®, is the Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.