Hacker Cinema
I.O.U.S.A.
2008 · Film · documentary · 85 min
Directed by Patrick Creadon
With the country's debt growing out of control, Americans by and large are unaware of the looming financial crisis. This documentary examines several of the ways America can get its economy back on the right track. In addition to looking at the federal deficit and trade deficit, the film also closely explores the challenges of funding national entitlement programs such as Social Security, Medicare and Medicaid.
3 positive1 neutralfrom 4 commenters
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4 comments on Hacker News
This downgrade may just be the first sign of real problems to come. For detailed coverage of the coming US financial storm see the documentary I.O.U.S.A. from former U.S. Comptroller General David Walker (I've seen it on Netflix streaming).
http://www.iousathemovie.com
Weren't the problems with the American economy foretold before the financial crisis? We haven't even hit the big problems. You can only borrow for so long and kick the can down the road.
http://www.imdb.com/title/tt0963807
ProShares UltraShort 20+ Year (TBT) is an ETF that moves inversely with US Treasury bond prices. In other words, if interest rates rise then you make money. I think it's getting harder (although not impossible) to envision a future in which we won't have substantially higher interest rates. Might be a worthy add to portfolios if you're concerned about this.
BTW, watched I.O.U.S.A. this week (http://www.iousathemovie.com/). If you want to have the crap scared out of you about the impending issues with the debt that's the movie to watch.
I.O.U.S.A (http://www.iousathemovie.com/) is a good but somewhat depressing movie on the national debt.