I.O.U.S.A.: Chapter 4

Few are aware that America may be on the brink of a financial meltdown. I.O.U.S.A. explores the country's shocking current fiscal condition and ways to avoid a national economic disaster.

Category:

Entertainment

Tags:

• IOUSA
• I.O.U.S.A.
• Federal
• Reserve
• Debt
• Bank
• Money
• Monetary

[rosa11307]

President Obama is the perfect man to help dig out of this hole.

[compelled2283]

Could you explain this further please. Why do you think Obama is the "perfect man"?

[apelove4u]

Can we all agree that Dick Chenny was one of the worst people ever to walk the halls of Washington?

[condorito29]

yea....he's doing a swell job.

more than a trillion, isn't that what we are up to now?

all that money is going down the tubes, as the bankruptcy of chrystler and soon GM shows.

they are desperately trying to reinflate the bubble, while hoping it was normal.

and while we are at it, lets have universal health care, and lets save the planet too.

hell, if we're going to print money to solve our problems, go all out!

[soxxygirl42]

The real reason that this problem is so difficult to fix is that our population and government are used to their entitlements. Social Security is killing us- the Baby Boomers will fill it, and the revenue will be coming in at a 2 workers to 1 recipient ratio soon. But to get rid of it would mean political suicide for any politician that was part of the cut, and god forbid our elected officials actually serve the interests of the country as opposed to their own interests of re-election.

[PooPusher007]

i guess the bonus is that all those old cunts who got you into this situation are gunna be dragged down with you & less likely to cope due to there age. eat the rich

[PooPusher007]

alot of politicians & there advisors need to be held accountable for that. Why aren't the US citizens rioting in the streets, they're just going to hell without even caring. Its just a matter of time now. Feel so sorry for the younger generations.

[ModernApollo16]

@MrConservative608 That was, much like this video, a very astute analysis of the financial problem in America. I think more important to address is the human problem in the USA. While many of us are aware there is a crisis, there are precious few people offering solutions. While over consuming and major deficits may all negatively affect the economy, it is the stagnant attitude of the inhabitants -- who would rather point out than solve/avert the problem -- that got us in this mess.

[ModernApollo16]

@compelled2283 I think the more important question is, "How does one 'dig' themselves 'out' of a hole?"

[MrConservative608]

The problem is far worse than this documentary describes. Let's say that we get more revenue from increasing taxes which I don't think is possible. If we took 100% of the income of this nation, then took 100% of the wealth from this nation meaning every private penny in the United States, we cannot pay off the $14.3 trillion dollar national debt. In addition if taxes are raised to try to pay off the debt, we will have massive unemployment and less taxes collected as a result.

[BeaveHolio]

@compelled2283

through more government spending and FED interest rate manipulating like Bush.

[urcritic]

The USA is foolish and overselfconfident. They do nothing until the symptoms appear, then they take antibiotics to cure the infection. This time, it's a brain tumor and it's spreading. The USA is f#@ked and despite all the warnings, they've just lit up another cigarette and poured themselves a whiskey.

[kxmode]

@HixsonLibra both are legalized ponzi schemes.

[HixsonLibra]

S.S. and Medicare were not UNFUNDED liabilities. The American worker paid a portion of his income into those funds along with a portion paid by the employer. What happened is the U.S. government borrowed this money and didn't attempt to pay it back. The government should be made to pay this money back with interest. The government should cut a lot of programs to pay this bill back including its insane nation building and wars programs.