I.O.U.S.A.
With the country's debt growing out of control, Americans by and large are unaware of the looming financial crisis. This documentary examines several of the ways America can get its economy back on the right track. In addition to looking at the federal deficit and trade deficit, the film also closely explores the challenges of funding national entitlement programs such as Social Security, Medicare and Medicaid.
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- Cast:
- Warren Buffett , Alan Greenspan
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Reviews
Waste of time
It's a movie as timely as it is provocative and amazingly, for much of its running time, it is weirdly funny.
The film never slows down or bores, plunging from one harrowing sequence to the next.
The movie really just wants to entertain people.
I.O.U.S.A. is a documentary that focuses on the shape and impact of the federal debt which amounts to $9.6 Trillion during the year of its release(It is now approaching to $18 Trillion as this review is being written).Patrick Creadon directs.The film details the history of the federal debt from the time it got its independence in 1776 and the actions the country did throughout history;it explores how the United States got to be in this present economic turmoil; and what actions the country needs to undertake in order to escape an all-out financial disaster that no American can escape in the future.Added to that,it also provides an explanation about the big portion of the budget deficit that the county accumulated due to unfunded benefits - Medicare,Medicaid and Social Security - which could only be provided by increasing the taxes three times and removing the other expenditures of the government.Aside from that,it also examines the culture of credit that have become part of the lifestyle of the Americans; and the trade deficit that the country has had - more imports as compared to exports - to other countries particularly that of China.Finally,it also gives the viewer a portrait of lack of leadership in Washington especially when it comes to cutting government expenditures and spending.Although this documentary needs and update considering the debt is presently humongous due to additional government spending like more entitlement and welfare programs as well as the implementation of the Affordable Care Act or Obamacare,it gives us an idea on where the United States is headed to economically.Aside from that,it also will no longer provide Americans any lingering doubts that the U.S. economy is headed into a collapse in the near future.Finally,it also provides the viewer reasons to change habits like the culture of credit and spending patterns in order to survive the worse economic meltdown that is yet to come into the country. This solid doc is definitely a must-see for Americans.
I.O.U.S.A. (the DVD - released on April 7, 2009) This PBS Documentary, discusses the four areas of deficit facing the U.S.1. The Deficit of the Budget 2. The Deficit of Trade 3. The Deficit of Saving 4. The Deficit of Leadership It well documents how we got into this mess, and very succinctly, states what every one already knows: "There is NO free lunch!" A must see for any Taxpayer.It aptly discusses the crises of leadership provided during the Bush administration, and the doubling of the national debt.Can we afford to mortgage future generations? Can we afford to mortgage our own? Very scary. Reuters said it best: "May be to the U.S. economy what 'An Inconvenient Truth' was to the environment."Rated 5 stars.
This movie is not for policy wonks, economists, or accountants. It's for citizens of the United States - Highly Patriotic citizens who want to preserve their country.It spells out in superb graphics what we're up against financially. The film has a great pace, lots of color, and combines all sorts of mediums to make an excellent presentation of the information.The message is dark, but brutally honest. And there is yet hope, so I encourage you to see the movie to find out what it is.I am absolutely convinced if the electorate saw and understood these issues, we would be willing to make the hard choices quite gladly, and reward politicians who were clear, transparent and honest, and send packing those who's egos and greed keep them in Washington.What ever happened to civil service as a moral ideal?
I.O.U.S.A.This is a very fatalistic and realistic film about where our nation's financial security stands.This is also a very deliberate ploy, no matter how many references to "non-partisan" they are proclaiming, to promote the Democratic Party in the next presidential election.Like all films or media or crooked politicians, they are slanting the facts in to promote their own way of thinking and in this case, a way that will leave the American people to believe that the only salvation they will have are to vote a Democratic president into office. In other words, it is an Obama commercial.Everything they said is perfectly true from the financial debt in the beginning of our country to the mess we have now and the reliance our financial security stands on a Communistic and non-democratic government, China. And don't forget the other real threat that if our financial debt fell into a worst regime such as a forceful Middle Eastern country.However, what are some of the truths that they are not presenting? The issue that our political leaders, Republican AND Democrat, are usually bought with "campaign funds" in other words bribes to sell out the American people. From foreign countries who do not want to pay heavy tariffs for importing junk into our country; to credit card companies and banks and financial institutions that are allowed to hike up the APRs on "fixed" and "adjustable" interest rates which increases bankruptcy and foreclosures on the middle and poor class citizens; to the health care fields who have little or no regulations on increasing the cost of necessary medicines; to giving citizen rights and health care to illegal aliens who broke the first law of our land in illegal entry to our country; to give the ACLU carte blanche to control and restrain our freedom of speech laws and if they win or lose, they get paid either way! Other truths they are deliberately not referring to is the fact that Clinton and his administration and wife seemed to have pocketed quite a bit of funds for themselves. Where did the money go when Clinton pardoned at least 140 criminals and millionaire traitors to our country in the last two days of his office? Who benefited from renting the White House like a hotel to enemies of democracy? Why wasn't the threats to the World Trade Center stopped with the first bombing? What about the increase threats to the Freedom of Speech that we are battling today with "hate" crime laws and lowering the age of consensual sexual acts? Bush has not been an angel. He has no idea how it feels to be poor making less than the average wage, no benefits and having to live in Affordable Housing by force. He gives tax breaks to those making $40,000.00 and up when the middle and poor need this much more, incentive bonuses to those who have made certain amounts of money, and much more.Nevertheless, these are just a few of the problems that are the base of the country's problems that have caused us this tremendous financial burden. Once a country and the country's leaders both Republican and Democratic are willing to sell out their own people for a few more measly dollars, it is no wonder that our debt to the world is more crucial than our debt to ourselves.During the live broadcast aired on Thursday, August 21 with such distinguished speakers as Warren Buffet and David Walker, it was very unclear on how the average American citizen could influence this issue and maximum spending.The representatives stated that we should take care of our health, save money and vote to elect the correct officials that will listen to our needs and causes.However, until they eliminate the possibility of "campaign funds," lobbyist for large companies that get little or no regulations, take away special governmental perks like free traveling expenses, voting in pay raises, and working multiple consecutive terms for the politicians then we might get in some really honest men and women of all nationalities and creeds who will care about doing their job and remember their sworn oath and not care about acquiring all the freebees.Remember a little known president called Harry S Truman? What is one of the personal idiosyncrasies he is well known for spurning? Franking. He refused his rights in this area and used regular postage stamps as any American citizen.Until there are more like him or people of like minds to not fleece the common man, America will continue to go more and more into a financial decline jeopardizing not only our children's future but our own.