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America Maxes Out

Stephen Hershey
iousa-poster2.jpg

Patrick Creadon, director of the critically acclaimed Wordplay, challenges the United State's excessive spending habits in I.O.U.S.A. - One Nation, Under Stress, In Debt. The government is currently around $10 trillion in debt, and by current standards the number could climb to $54 trillion by 2040.

I.O.U.S.A. follows former U.S. Comptroller General David Walker as he interviews various specialists on economic reform. In addition to suggested money management skills, certain efforts like the Concentrated Youth of America hope to inspire newer generations to act upon this financial crisis, paving the way for their own future.

The film is currently screening across the country. Watch the trailer here.

Story suggested by Charles Shaw.

 

Comments

watch the condensed version now...

Submitted by ST Frequency on Tue, 02/03/2009 - 14:45.

This film has been released as an Internet-friendly 30-minute teaser:

http://www.youtube.com/watch?v=O_TjBNjc9Bo

Looks like the full-length will be pretty sobering.

-st

Something is fuzzy here...

Submitted by Jedi Mind Traveler on Wed, 02/04/2009 - 11:53.

So on that 30 minute teaser at 28:29 there's a graph that says the Debt to GDP will be 244% by 2040 and that it's about 80% now.

On the Crash Course videos, Chris Martenson has a graph where it's now 340% http://www.chrismartenson.com/blog/crisis-explained-one-chart-debt-gdp/11570

It seems the obvious explanation is that the Crash Course is using real, all inclusive debt numbers, 53 Trillion, instead of the 11 or so Trillion that is not including Social Security and Medicare.

Something else to think about is that Martenson is probably using the Government's GDP numbers when he even explains that those are completely manipulated and higher than they should be.

I couldn't find when this IOUSA movie was released, because both the debt has gone way up and real GDP has gone way down. It seems like they are mainly using 2007 numbers.

 

It seems like it's being critical of the government, but in some ways it's obscuring the real numbers, even in this blurb saying the debt is an amazing 10 Trillion, while the number they're talking about is actually over 11 Trillion, and the true debt is already 53-85 Trillion as Chris Martenson correctly states.

Finally it doesn't really matter because no one can get their heads around these numbers anyway. Martenson says that a stack of 1,000 dollar bills adding up to a million is 4 inches high. A stack totaling a Trillion is 67.9 miles high.

 Bottom line, the US will default on everything, welfare, treasuries, within a year. So there's no point asking how to solve our financial problems when the end of money is imminent. How we cope with that and provide basic necessities is more pertinent to our situation.

Thanks to the privately owned Federal Reserve Banking Cartel

Submitted by SoulTraveller on Fri, 02/06/2009 - 09:24.

This privately owned corporation, along with the WTO, IMF, IRS and Wall Street Looters have en$laved america with "debt currency". The disease is spreading across the globe. This film can perhaps help open up more eyes to the TRUE agenda that this cabal wants to perpetrate, a one world currency! Watch The Money Masters at: http://video.google.co.uk/videosearch?q=the+money+masters&emb=0# "And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson

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American workes can't fight anymore

Submitted by FeelNoPain on Thu, 09/01/2011 - 21:00.
Low pay, no jobs, no assets... How are we to go through these times? Yes, the government can't handle the national debt but if we, Americans, can't handle our personal debt, we won't be working toward an improvement of the economy any time soon. If you ask me, honestly, the only solution to my problems right now is this: http://debtsettlement.com/debt-relief/video-can-the-american-working-cla... If we all defaulted on our personal debt, wouldn't that make the situation even worse? The government needs to sit on their but and help its people! Not cut the only programs which currently help us!