I.O.U.S.A. Bonus Reel: Dave Walker on Debt-to-GDP Projections

Learn More at http://www.IOUSAtheMovie.com

Watch IOUSA: Byte-Sized - The 30 Minute Version: at http://iousathemovie.com or http://www.youtube.com/watch?v=O_TjBNjc9Bo

You can now own I.O.U.S.A. on DVD! The newly released DVD, with 125 minutes of bonus material, now enables even more concerned citizens to learn about the state of our countrys finances and take action!

Available at a local retailer or online at http://www.shoppbs.org/product/index.jsp?productId=3445713 and at http://www.amazon.com/i-o-u-s-David-Walker-Peterson-Foundation/dp/B001P9G3HE/...

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[DramaticSoul77]

Never. So kiss your ass goodbye.

Oh and don't forget to watch the whole new season of House on Fox.

[luke666808g]

there's an australian billionaire named kerry packer (he's dead now) but at a hearing regarding tax minimization he said "Of course I minimize my tax obligation, I pay as much as I'm legally required to pay, and you lot don't spend peoples taxes well enough that we should want to donate extra"

[AirelonTrading]

Which completely and utterly denies the Lucas Critique.

[AirelonTrading]

Woah.

That is complete, and utter supposition. Unbelievable supposition.

That projection is the United States did absolutely, positively nothing. It's all projections and supposition. The United States has balanced it's budget before, with more debt. It can do it again.

[Benny1642]

as long as humanity is money hungry and in the need of money, nothing will ever change, even if we survive this crises without a big collapse. even if it sounds crazy, but the future like in star trek, a world without money, is genius. he said, we are working to get better in what we are doing and to help the human race. and nobody is suffering because everyone has sth he can do best and thats what he doing, and he gets things from other people and they are doing sth.. great idea

[hcarrel26]

Ironically, I think many "Hollywood" types aren't necessarily wealthy as we might suspect. I can't remember exactly, but I think in the book, "The Millionaire Mind", actors, professional athletes, doctors, etc. account for only about 3% of millionaires. The book explains it waaay better and in more depth than I just did.)

[stevemcgee99]

I think Satan has good rates.

[luke666808g]

that sounds like a dumb f'n idea, a trillion dollars is a million millions, so you would need a million millionaires to donate a million each to make no difference at all, the US government would just borrow it back again, the last budget deficit was almost half a trillion dollars.

[amaretto01]

Actually I have a radical idea... what if we ask the uber-rich folks in the US (Hollywood anyone?) and show them this movie and clips and see if they would willingly put down at least $1 million (a drop in the bucket to some of them) to help pay down the Federal Debt?

Instead of borrowing from foreign countries that we would owe for decades, why not inspire rich Americans to help Save America, and donate to help get us out of this massive hole??

What do you think?

[Piscivorus]

You mean "Who's going to lend Congress money then?". Answer: the same outfit that's been doing it for the last 100 years- the Federal Reserve.

This only proves that Congress borrows far more than we pay in income and payroll taxes. In fact, income and payroll taxes only provide Congress with the gaurenteed revenue stream it needs as collateral to borrow.

It also proves that income taxes undermind the balance of power- the ability of the people to keep the government in check.