Friday, January 9, 2009

I.O.U.S.A on CNN This Weekend

Editors Update: Video files here: Part I and Part II

In this post, I highlighted former US comptroller David Walker's, "Fiscal Wake Up Tour". This is featured in the documentary I.O.U.S.A. as well. A synopsis:

Wake up, America! We're 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 and its citizens. 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. Wielding candid interviews with both average American taxpayers and government officials, Sundance veteran Patrick Creadon (Wordplay) helps demystify the nation's financial practices and policies. The film follows former U.S. Comptroller General David Walker as he crisscrosses the country explaining America's unsustainable fiscal policies to its citizens.

With surgical precision, Creadon interweaves archival footage and economic data to paint a vivid and alarming profile of America's current economic situation. The ultimate power of I.O.U.S.A. is that the film moves beyond doomsday rhetoric to proffer potential financial scenarios and propose solutions about how we can recreate a fiscally sound nation for future generations.

Creadon uses candid interviews and his featured subjects include Warren Buffett, Alan Greenspan, Paul O'Neill, Robert Rubin, and Paul Volcker, along with the Peter G. Peterson Foundation's own David Walker and Bob Bixby of the Concord Coalition, a Foundation grantee.

Pointedly topical and consummately nonpartisan, I.O.U.S.A. drives home the message that the only time for America's financial future is now.

I have been meaning to rent this for some time, but have yet to see it. It has been rumored to be airing this weekend on CNN. Supposedly it will be on Saturday, January 10 at 2:00 p.m. EST and on Sunday, January 11 at 3:00 p.m. EST. I say supposedly because my DVR listing was less than descriptive. If I am able to catch it, I'll follow up with a review. Otherwise, I'll still have to rent it sometime. Anyone see it yet?


Chief said...

I watched it today (most of it anyway, my DVR screwed up part of it), and I cannot recommend the movie high enough. It is a must see.

Perhaps the most memorable clip - a Chinese couple making $20 a day, yet still saving HALF of it. We are sitting on the couch, while the Chinese are doing push-ups.

If you missed it - it airs again tomorrow in CNN at 3EST, or go rent it.

Anonymous said...

If ya really want to see it and help spread the alarm about the unsustainable spending check out

part 1 of 2 of the I.O.U.S.A. television premiere (broadcast date Jan. 10 and 11, 2009) on CNN - time 42 minutes 32 seconds

part 2 of 2 of the I.O.U.S.A. television premiere (broadcast date Jan. 10 and 11, 2009) on CNN - time 45 minutes 01 seconds