I.O.U.S.A documentary

[RedOctober]

Has anyone seen the documentary I.O.U.S.A. It examines the rapidly growing national debt and its consequences for the United States and its citizens.

In my opinion it is very accurate and more people need to watch it.

http://www.iousathemovie.com/

[Red Tampon]

debt will create jobs, so i hear.

I mean when has paying off debt with more debt not worked?

[PotshotPolka]

When people stop loaning. I DLed the full video, but I've already made it far beyond what the film insinuates, nice find though.

[RedOctober]

debt will create jobs, so i hear.

I mean when has paying off debt with more debt not worked?

it doesn't work! The idea that Government can "create" jobs through debt spending and this stimulus package is completely idiotic. You do not even have to be an economist so figure out that idea just doesn't work.

Government spending of debt money just takes the money that the wealthy had and moves it around to create these centrally-planned jobs that the natural uninterrupted economy doesn't need or benefit from.


basicly what that movie was trying totell the american people was that

In the long run.... were not just dead, were f**ked!

[Red Tampon]

I should have put /sarcasm on my last reply

[PotshotPolka]

He's new to the whole internet chat thing.

[RedOctober]

ha sorry Red...

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Unfortunately, it seems after watching the video, a majority of our debts have occurred because of wars. Maybe things would of been different if 9/11 didn't happen, who knows. I don't see Obama fixing this situation anytime soon as well.

[PotshotPolka]

Unfortunately, it seems after watching the video, a majority of our debts have occurred because of wars. Maybe things would of been different if 9/11 didn't happen, who knows. I don't see Obama fixing this situation anytime soon as well.

Apparently you didn't watch the video.

The major cause of debt is in healthcare entitlements.

[:-]]

Apparently you didn't watch the video.

The major cause of debt is in healthcare entitlements.

No, I did not watch the entire movie but I did watch the 30 minute version that was provided. If you re-read my post, you'll notice how I stated "wars". As stated in the documentary, a majority of the times the US have been in debt was due to involvement in war (Civil War, WWI & 2, Independence, Cold War, etc.). There is no doubt that health care has played a part but I just stated one of the reasons.