The first half of this video looks at the problem of the American government deficits (past, present and projected). The second half is pertinent to this blog in that it looks at the problem of individual deficit spending. Simply put, most Americans (and Canadians) are spending money they do not have, they are spending more money than they earn. As the video says, “we are not saving, and that is a problem.” I confess, I am part of the problem. I did not save. I am working hard to change this.