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
There is probably no solution to our problem. This documentary is not so much a call to arms, but a history of how we got into the fiscal situation we are in, and how the future we face is going to look.
We have spent and tax cut our way into a fiscal crisis that will never be resolved. It's not as if we can't do it. We did it during the Clinton years, but we immediately lost the nerve. It is not a liberal or conservative problem, it is a problem of will.
Four years from now, all we would be able to pay for is interest on the federal debt and some Medicaid and Medicare. We have no money for anything else.
The state of our union is not strong.
5 of 7 people found this review helpful.
Was this review helpful to you?
| Report this