POSTED: Tuesday, August 2, 2011 - 4:59pm
UPDATED: Tuesday, August 2, 2011 - 5:03pm
U.S. — President Obama just signed the debt deal this afternoon, but many Americans are still confused about how the rising debt can affect them.
One website, PowerLineBlog.com , offered a $100,000 prize to the artist who best illustrated the danger of debt.
The above video was the winner... its called "Spending is Nuts", and uses squirrels to demonstrate how the nation's debt reached such a high level; and how it affects everyone.