Robert Reich Explains The Credit Downgrade, And What Might Happen (VIDEO)

08/19/2011 01:29 pm ET | Updated Oct 19, 2011

After the United States' credit was downgraded from AAA to AA+ by Standard and Poor's, many of us had the same question: "So, um, what does that mean for me?"

Thankfully, former Secretary of Labor Robert Reich has put together a helpful video (with the help of his friends at CollegeHumor) to explain what could happen if we continue to get downgraded. Let's put it this way: It's worse than you could possibly imagine.

This video isn't the first time that Reich has proven himself to be a good sport for comedy -- who can forget when he teamed up with Conan O'Brien for a good cop/bad cop detective drama on "Late Night"? (Keep your eye open for a very young Donald Glover in that clip.)


Suggest a correction