After November 4th election day -the press will focus on the Fed printing money...also known as QE or "quantitative easing."   I'm not an economist but everyone should get familar with this term and understand how our standard of living is affected.  Our dollar buys a lot less.  Rick Santelli of CNBC shares some insight.

The results of the midterm elections are just hours away, and the Federal Reserve's highly anticipated announcement on its next attempt to boost the U.S. economy -- quantitative easing part 2 -- is on tap Wednesday.  In other words, this is a key time for Wall Street, individual investors and the nation.

To say that the U.S. is deeply in debt isn't likely to spur a long debate -- we owe almost incomprehensible sums, and we now hear discussions involving hundreds of billions of dollars on a regular basis. But is it really too much, and would Federal Reserve Chairman Ben Bernanke ever say we, as a country, have too much debt? Santelli isn't expecting it.

Video: Rick Santelli Lets Create Jobs, Not More IOU's