Throughout history, the American government has found it nearly impossible to spend only what has been raised through taxes. (Thus they created the federal reserve system - where you can tax the people via inflation, and they don't know about it) 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. (Fiscal)
With surgical precision, Creadon interweaves archival footage and economic data to paint a vivid and alarming profile of America's current economic situation. (Keynesian economics is bunk. Government spending cannot be used to stimulate the economy. See Japan.) - Will it tell us how we got there? Federal Reserve Act 1914?
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. (Awesome! Can't wait for the solutions!!!!
I wonderz what they will be?!)
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.