How and why the debt ceiling issue is affecting the economy

When there’s a need for a complex economic issue to be conveyed in a smart, fun visual manner, you can count on Paddy Hirsch at Marketplace (when he’s not doing a Knight Fellowship at Stanford, that is). So with the debt ceiling debate and the threat of U.S. default freaking everyone out, here’s Hirsch on his Whiteboard explaining how big companies have already been impacted by the uncertainty it’s created, and how that’s affected everyone else.

Source:

“Why the debt ceiling debate is affecting the economy” Marketplace Whiteboard, 7/27/11 http://marketplace.publicradio.org/display/web/2011/07/27/web-whiteboard-debt-ceiling-debate/?refid=0