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Thanks to Sebastian and many others that requested this documentary. The United States has been spending its way deeper and deeper into the red, and saddling future generations with the mess—but who’s paying attention?
To answer that question, this documentary talks with some of the most revered voices in the nation, including Warren Buffett; former Treasury Secretaries Paul O’Neill and Robert Rubin; Pete Peterson, CEO of The Blackstone Group; Congressman Ron Paul (R-Texas); and bestselling Empire of Debt author Bill Bonner.
Armed with these interviews, historical references, and damning statistics, this documentary takes a lively and entertaining romp through the four deficits the nation faces: the budget deficit, the personal savings deficit, the trade deficit—and what former U.S. Comptroller General David Walker, who resigned abruptly in 2008 over Congress’s lack of action, calls the “leadership deficit” in Washington.
Defiantly non-partisan, the empowering solutions outlined in this film are a must-watch for any American who wants to help change “business-as-usual” in Washington with the new administration now in the Oval Office. “We the People” can get our politicians to stop spending, promote responsible economic programs, and hand our children and grandchildren the secure future they deserve.
I wouldn’t worry too much about the governments debts. It’s their debt, not the public’s’. They took it on, and their creditors are the ones who took the risk.
Any risk of a national default on our loans, or failure of the U.S. currency or event he U.S. government itself is really a net win. It is the collapse of a failed system.
What really matters is that we not make the same mistakes in the future. it is imperative that we progress intellectually and emotionally to the point where we will cease investing belief in fallacies like the state, and cease to subject ourselves and each-other to state systems.
I personally think that the biggest problem in regards to credit card debt is deeper than what appears the surface. I feel as though the problem is actually as much emotional as it is financially. Where there is overspending, not only is there a money gap, but an emotional one as well that needs to be looked at Something to think about anyway