Title: I.O.U.S.A (I OWE YOU USA)
Duration: 1h 25min
Country: USA
Director: Patrick Creadon
Script: O´Malley Creadon Productions, Open Sky Entertainment, Peter
G. Peterson Foundation.
Year: 2008
Synopsis:
The film 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
"Banking and Finance" in the film
At the beginning of the film as when entering details on
control methods, both tell us about the Federal Reserve, its creation and
operation, where control inflation by managing the interest rates, and in
charge of overseeing banks.
The second problem that treats the film, is the savings and
that the population uses many loans and credits, these are banking products
we've seen in the subject as well as savings accounts.
Finally refers to the issue of bank bailouts had to deal with
the Government as spending in the budget.
Personal commentary
In our opinion, the reality of the problems that warned in the film are reflected, as in the Obama era
has been ready to declare the bankruptcy of the country due to the serious
shortage of health in the USA.
With this movie we
have realized the serious
internal problem and budget hole facing USA, because of that, if
it
does
not change the mentality of the population, could
end up
at a great disadvantage against other world powers.
We
believe
that, on the subject of imports and China's growth, it
is
not a problem only of USA, but global. It
is
very usual
to purchase
online to that country, since we
do not buy in our countries and in a few years we
end up
impoverished by such imports.
Regarding the rest of problems, both health and savings also include in our country, they are
systems that we
have inherited and now don't have the purchasing power salaries to live, spending the day to day, and save at the same time. In terms of the health/pension system, you
can see that it
will
be
unsustainable in the medium term,
in our country we
have the same problem that you
are
contacting in the film.
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