David Walker (Peter G. Peterson Foundation), Bob Bixby (Concord Coalition) Director: Patrick Creadon
Product Description: America is on the brink of a financial meltdown. I.O.U.S.A. boldly examines the rapidly growing national debt and its consequences for the United States. 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. Over 125 minutes of bonus materials, including exclusive interviews with Warren Buffett, Alan Greenspan and others.
Phi Beta Iota: Walker was Comptroller General and briefed Senate in 2007 on bankruptcy. He resigned in the 9th year of a 15 year term. Peterson, his sponsor, is the author of Running on Empty–How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About I.
5 stars an outstanding and informative film, April 22, 2009
I.O.U.S.A. educates people about the very real and very dangerous financial problems our government is facing. The producers of the film pull no punches here and they don't sugar-coat it; and that was the right thing to do. The way Americans live today is essentially “living for the moment” without thinking of the importance of saving money for a rainy day; and the film goes into great, great detail highlighting that the American government does the same. I will tell you just some of the points made by this movie; although it will seem as if I've given it all away I assure you that I haven't.
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