Few are aware that America may be on the brink of a financial meltdown. I.O.U.S.A. explores the country's shocking current fiscal condition and ways to avoid a national economic disaster.
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I.O.U.S.A. examines the rapidly growing national debt and its consequences for the United States and its citizens. As the Baby Boomer generation prepares to retire, will there even be any Social Security benefits left to collect? Burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries that are becoming impossible to honor, America must mend its spendthrift ways or face an economic disaster of epic proportions. Throughout history, the American government has found it nearly impossible to spend only what has been raised through taxes. The film blends interviews with both average American taxpayers and government officials to demystify the nation's financial practices and policies. The film follows U.S. Comptroller General David Walker as he crisscrosses the country explaining America's unsustainable fiscal policies to its citizens. The film interweaves archival footage and economic ... Written by
Anonymous
I am no political graduate or major in economics, but I do believe that the average 'Joe American' can certainly put two and two together and realize that America is in a crisis. Watching this film over a year after it's release just makes it even scarier.
I don't have much to say on the film. It does a good job on explaining the American Debt, giving some (and enough) details on how it all started (1776) and to now. It gives solid details on what led to the current state of Federal Debt and it issues out 'how to solve' this problem.
Really, the pathetic thing (not of the film, but on congress) is that the SOLUTIONS, which are proclaimed radical by the 'back of the box summary' are extremely blatant and common sense.
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I am no political graduate or major in economics, but I do believe that the average 'Joe American' can certainly put two and two together and realize that America is in a crisis. Watching this film over a year after it's release just makes it even scarier.
I don't have much to say on the film. It does a good job on explaining the American Debt, giving some (and enough) details on how it all started (1776) and to now. It gives solid details on what led to the current state of Federal Debt and it issues out 'how to solve' this problem.
Really, the pathetic thing (not of the film, but on congress) is that the SOLUTIONS, which are proclaimed radical by the 'back of the box summary' are extremely blatant and common sense.