$9.6 trillion in national debt equates to $30,000 for every American, raising concerns about the country's financial future.
Synopsis
$9.6 trillion in national debt equates to $30,000 for every American, raising concerns about the country's financial future.
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Synopsis
Robert Bixby and David Walker travel across the United States as part of the "Fiscal Wake-Up Tour," organized by the Concord Coalition. They discuss the national debt, which exceeded $9.6 trillion in early 2008, equating to $30,000 for each American. The film outlines four key deficits: budget, savings, balance of payments, and leadership. It features interviews with prominent figures such as Warren Buffett and Alan Greenspan, and includes archival footage of ten former U.S. presidents. The documentary premiered at the 2008 Sundance Film Festival and was broadcast on CNN in January 2009.
Deep Dive
Why Watch
- Meet Robert Bixby and David Walker on their nationwide tour.
- Find out about the $53 trillion in unfunded benefits.
- See Warren Buffett discuss national debt after the film.
Did You Know
- The U.S. national debt was over $9.6 trillion in early 2008.
- Each American owed approximately $30,000 due to the national debt.
- The U.S. had a $53 trillion budget deficit in unfunded benefits.
- China had the largest trade surplus, while the U.S. had the largest trade deficit.
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Frequently Asked Questions
Who directed the documentary I.O.U.S.A.?
I.O.U.S.A. was directed by Patrick Creadon.
What is the national debt of the United States as mentioned in I.O.U.S.A.?
As of early 2008, the national debt of the United States was over $9.6 trillion.
What major deficits are discussed in I.O.U.S.A.?
The documentary discusses four major deficits: budget, savings, balance of payments, and leadership.
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