…Let’s say I don’t have enough money to buy something, should I buy it anyway? Have you ever noticed that here in the US that we never do anything about a known issue until it becomes a crisis in govt, the corporate world and even many individuals? IOUSA is coming to a theater near you.
It’s a shame you have to go to a movie about how the US financial system is falling apart to see something halfway decent in a theater. I can’t remember the last time there was anything worth going to see but IOUSA looks like an excellent film to go see. You’ve probably noticed the chaos on Wall Street, the awful performance of the stock market over the last year or two, the popping of the mortgage bubble. IOUSA presents the financial state of the union – in debt to the tune of 50+ TRILLION dollars in current liabilities and future promises for social security and Medicare. That comes out to around $175,000 per person in the US.
According to David Walker, the former comptroller of the US, this country suffers from a “fiscal cancer”. If I understand correctly, his position of comptroller of the USA was not a particularly political position so he could shoot straight, speak his mind and present the stat of the US financial system as it really is. On March 12, 2008 he resigned and join the Peter G. Peterson Foundation where he thought he could do more good and have a better chance at raising awareness of the issues and bringing about change. I don’t know much about Mr. Peterson but it is nice to see someone with some cash to spend working to bring about positive change and fiscal responsibility in the US.
While I havent’ actually seen IOUSA yet, I do plan to see it and will post a review after going to see it.
September 9, 2008
[...] finally forced us to acknowledge that a dependency on oil can be a dangerous situation. As noted in IOUSA “We don’t do anything until something becomes a crisis” and a surge in gas prices [...]