The controversy over the debt ceiling is related to, but not the same as, the federal budget and government shutdown. The concept was created 115 years ago, and a look into the history of U.S. government debt can give you a better idea of what it's all about.
Writer Mike Duncan and illustrator Jason Novak put the short version into cartoon form, which makes it much easier to get through. In the small portion shown here, most Americans of a certain age would recognize President Lyndon Johnson even without the hat because of his colorful language, but relevant figures are labeled anyway, because the timeline starts at the beginning of the Spanish-American War. -via Digg