Comments on: I.O.U.S.A The Movie

By: Rick Pollack

Rick Pollack — Thu, 13 Nov 2008 21:08:35 +0000

Thanks Matt

By: Matt Sherman

Matt Sherman — Thu, 13 Nov 2008 20:15:33 +0000

This movie is really good at scaring you. Some of the projections are absolutely bone-chilling. But it largely overstates the problem — the deficit is currently at a manageable level of 3% of GDP. And we need to run a deficit in this economic downturn to ensure we don’t have skyrocketing rates of unemployment. The flim also ignores one of the best solutions to the “problem” — health care reform. If our health care system were as efficient as other industrialized nations, and if Medicare/Medicaid were able to take advantage of these lower costs, then our deficit problem would basically disappear. Check out the Center for Economic and Policy Research, they have a nice graphic that demonstrates this well: http://www.cepr.net/calculators/iousadeficit/calc_iousa_deficit.html

By: Alan Smason

Alan Smason — Tue, 11 Nov 2008 13:58:15 +0000

This little film laid out in a few short minutes the impending crisis that is looming for our children and their progeny. It is essential to the future of our nation that our elected officials get a handle on the burgeoning national debt because to do nothing is tantamount to giving up. We currently are waging wars on two fronts against terror, but the danger to our country through fiscal irresponsibility purports a greater threat. Indeed, we may find our world ends not with a bang, but with a whimper.

By: Ed Morrison

Ed Morrison — Tue, 11 Nov 2008 11:21:34 +0000

Thanks, Rick.