I.O.U.S.A.

2008
7.5| 1h25m| en
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With the country's debt growing out of control, Americans by and large are unaware of the looming financial crisis. This documentary examines several of the ways America can get its economy back on the right track. In addition to looking at the federal deficit and trade deficit, the film also closely explores the challenges of funding national entitlement programs such as Social Security, Medicare and Medicaid.

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Reviews

Vashirdfel Simply A Masterpiece
BallWubba Wow! What a bizarre film! Unfortunately the few funny moments there were were quite overshadowed by it's completely weird and random vibe throughout.
Brendon Jones It’s fine. It's literally the definition of a fine movie. You’ve seen it before, you know every beat and outcome before the characters even do. Only question is how much escapism you’re looking for.
Derrick Gibbons An old-fashioned movie made with new-fashioned finesse.
Desertman84 I.O.U.S.A. is a documentary that focuses on the shape and impact of the federal debt which amounts to $9.6 Trillion during the year of its release(It is now approaching to $18 Trillion as this review is being written).Patrick Creadon directs.The film details the history of the federal debt from the time it got its independence in 1776 and the actions the country did throughout history;it explores how the United States got to be in this present economic turmoil; and what actions the country needs to undertake in order to escape an all-out financial disaster that no American can escape in the future.Added to that,it also provides an explanation about the big portion of the budget deficit that the county accumulated due to unfunded benefits - Medicare,Medicaid and Social Security - which could only be provided by increasing the taxes three times and removing the other expenditures of the government.Aside from that,it also examines the culture of credit that have become part of the lifestyle of the Americans; and the trade deficit that the country has had - more imports as compared to exports - to other countries particularly that of China.Finally,it also gives the viewer a portrait of lack of leadership in Washington especially when it comes to cutting government expenditures and spending.Although this documentary needs and update considering the debt is presently humongous due to additional government spending like more entitlement and welfare programs as well as the implementation of the Affordable Care Act or Obamacare,it gives us an idea on where the United States is headed to economically.Aside from that,it also will no longer provide Americans any lingering doubts that the U.S. economy is headed into a collapse in the near future.Finally,it also provides the viewer reasons to change habits like the culture of credit and spending patterns in order to survive the worse economic meltdown that is yet to come into the country. This solid doc is definitely a must-see for Americans.
moselekm I am no political graduate or major in economics, but I do believe that the average 'Joe American' can certainly put two and two together and realize that America is in a crisis. Watching this film over a year after it's release just makes it even scarier.I don't have much to say on the film. It does a good job on explaining the American Debt, giving some (and enough) details on how it all started (1776) and to now. It gives solid details on what led to the current state of Federal Debt and it issues out 'how to solve' this problem.Really, the pathetic thing (not of the film, but on congress) is that the SOLUTIONS, which are proclaimed radical by the 'back of the box summary' are extremely blatant and common sense.
driftracer I am not from U.S.A., but I expected to see a real presentation of the current problems that are brought upon the world economy; because if U.S.A. goes down, we all go down, financially speaking, due to the fact that the U.S. is the largest provider of capital.Now I expected this movie to show the causes of the economic clashes U.S.A. is facing, that are spreading around the world, along with the people and institutions responsible, but I just got an endless number of force-fed lies.The people that talk throughout this documentary, among others, are from the Federal Reserve, positions in government and business...go figure! exactly the ones responsible for the mess this movie talks about. In my opinion this is nothing but a desperate shot at masking the corrupt, fraudulent system these people are perpetuating, while pointing at the common human being for the mistakes caused by there own shortcomings and unparalleled greed.The language mostly used is very sophisticated and confusing, thus hindering attempts at understanding what they are saying, or they are just talking nonsense. The tone of there voice is boring and flat. These elements coupled with the failure to make a realistic point, in my opinion, have the purpose of controlling people, not informing them.P.S.: If you're not convinced, or if you don't understand what I'm talking about then by all means watch this documentary, but I think that whatever you chose, you definitely should get more information on the subject; I recommend: Zeitgeist, Zeitgeist Addendum and Zero:An Investigation Into 9/11, to satisfy your curiosity.
jdesando "Ask the economists. I think I only got a B-minus in economics. But I got an A-plus in cutting taxes." George W. Bush Although it's easy to bash Bush on the deplorable state of the American economy, Director Robert Creadon's horror documentary, I.O.U.S.A., ascribes the problem to practically every breathing legislator and greedy consumer, all of whom abetted the credit crisis by allowing or encouraging or simply taking advantage of the buy now, pay later syndrome that left the country vulnerable to mortgages they couldn't pay and credit card balances that crush.In their heroic effort to encourage debate about the financial state of the country, US Comptroller General David Walker and Concord Coalition head Bob Bixby have been traveling the country before the election in a "Fiscal Wake-Up Call" for the electorate to stir debate about the crisis. This well-documented doc highlights the testimony of Fed chairman Paul Volcker, billionaire Warren Buffett, and former secretaries of the treasury Robert Rubin and Paul O'Neill, all of whom agree on how the United States accrued $10 trillion in national debt. The doc inevitably will be compared with Al Gore's prize-winning Inconvenient Truth, and rightfully so, because while Gore's is simple in its illustration of future climate challenge, I.O.U.S.A. is complex, almost wonky, in its details about the lethal connections that brought us to the brink.If you believe we can continue to spend what we don't have and reduce the taxes of those who have, then this is not the documentary for you. To its credit, the film hears from all sides of the political stakeholders with nary a dissent about the problem. In Gore's case, some important scientists still disagree about the severity of global warming; in Creadon's case, no one disagrees about the fiscal cancer.Insights abound in this overflowing screed such as the warning about a future where there will not be enough wage earners to sustain Medicare and Social Security. The film emphasizes the catastrophic cost of Medicare, exacerbated 40% by the addition of a prescription drug plan that dwarfs the impact of the Iraq War and earmark excess. While Walker and Bixby do their best to be balanced in their reactions to such a choker, they rightfully cannot repress their awe of the ignorance that committed us and our grandchildren to debt for decades."A national debt, if it is not excessive, will be to us a national blessing." Alexander Hamilton