
I.O.U.S.A. 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 e... (Full plot summary below)
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I.O.U.S.A. 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. The film blends interviews with both average American taxpayers and government officials to 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. The film interweaves archival footage and economic data to paint a profile of America's current economic situation. The film also proffers potential financial scenarios and propose solutions about how to recreate a fiscally sound nation for future generations.
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| Entertainment WeeklyOwen GleibermanIf they handed out an Academy Award for Most Gripping Graphs and Charts, this film would take it. |
| Philadelphia InquirerSteven ReaThere's no quick fix for a culture "addicted to debt," as one wag puts it in the film. But watching I.O.U.S.A. is a good place to start. |
| Chicago Sun-TimesRoger EbertIt accomplishes an amazing thing. It explains the national debt, the foreign trade deficit, the decrease in personal savings, how the prime interest rate works, and the weakness of our leaders. |
| Baltimore SunMichael SragowAlthough the movie is unabashedly alarming, it's also intelligent fun. |
| The Globe and Mail (Toronto)Liam LaceyGeorge W. Bush is hammered for doubling the debt load with his high-spending, low-taxing ways. |
| Christian Science MonitorPeter RainerIt's this year's "An Inconvenient Truth." |
| San Francisco ChronicleWalter AddiegoDoes about as good a job as any film could be expected to. |
| The A.V. ClubNathan RabinThough the filmmaking is playful at times, the film is essentially 90 percent message, 10 percent movie. |
| Chicago TribuneSheri LindenPacked with facts, figures and the testimony of policy experts, the film is no wallow in wonkiness, though, but a surprisingly sprightly tough-love lesson in fiscal responsibility. |
| Chicago ReaderJ.R. JonesThey deliver a clear and compelling primer on the federal budget deficit, the trade deficit, and the personal debt crisis, all of which are driving our country toward a catastrophic financial meltdown. |