Please excuse the sleepy post…

Went to the premiere of I.O.U.S.A tonight with boyfriend and his mum.  We were surprised it was sold out! It’s a documentary about the growing national debt and it’s impact on the citizenry.  Good movie, not as boring or as over my head as I anticipated :)  And non-partisan.  It was over 2.5 hours, please excuse the bleary eyed post…

Description from their page:

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. As the Baby Boomer generation prepares to retire, will there even be any Social Security benefits left to collect? 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 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.

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!

At the end there was a town-hall discussion with Warren Buffet and some other people I’d never heard of before.

Interesting points brought up at the end about what the average American can do to help:

  • Medicare: preventitive medicine, take care of self (Medicare is by far the largest portion of government spending)
  • Save (Currently the US is at a negative savings rate for the first time in history).
  • Vote (Let the politicians know you want something done)
  • Work until at 70, putting more into social security
  • Government has no money (we have trillions of dollars of debt!), so stop expecting them to bail you out (home loans, etc)

That’s about all I have to say tonight, I had to write this down before it left my head!