This 85 minutes documentary film is aired within the year 2008. I.O.U.S.A. examines the rapidly growing national debt and its consequences for the U.S. and its citizens. Burdened with an ever thriving government and military, increased international contention, over-strained entitlement programs, and debts to foreign countries that have become unimaginable to honor, America must ameliorate its spendthrift ways or face an economic disaster of epic proportions.
I.O.U.S.A. talks from the precipitous devaluation of property, to bank failures, to the credit collapse, to the high unemployment rate, to runaway inflation, to the worth of gasoline, to the devalued dollar, to the exorbitant price of waging 2 wars simultaneously and to the bear market. It’s clear that America incorporates a host of money woes.
In this documentary film it’s explained that throughout history, the American government has encountered, it nearly not possible to pay only what has been raised through taxes. The documentary film blends interviews with both government officials and average American taxpayers to demystify the nation’s monetary practices and policies. The documentary film follows U.S. comptroller General David Walker as he crisscrosses the country explaining America’s unsustainable fiscal policies to its citizens.
I.O.U.S.A. takes a full of life and entertaining romp through the four deficits the state faces: the personal savings deficit, the budget deficit, the trade deficit and late U.S. Comptroller General David Walker, who gave up abruptly in 2008, after Congress’s lack of action, calls the leadership shortfall in Washington.
Pointedly topical and completely nonpartisan, this documentary film drives home the message that the sole time for America’s financial future is now. The message is dark, however brutally honest. And there is nevertheless hoped, which is the only important thing to hold.
Filed Under: Economics
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