1 post tagged “iousa”

Last night, I attended the Fathom premiere of the documentary I.O.U.S.A.

My friend Kathleen (yes that is the back of her head in the film!) works for the Peter G. Peterson foundation.  Over the past few months, I've heard her talking about how important the organization's work and mission is and how insightful (and scary) the documentary is.

The financial state of the union is not a sexy topic. It is also not anything that anyone wants to hear. It's scary. It's overwhelming. And it's much easier to bury our heads in the stand, think it'll all work out okay in the end and that nothing can touch us. After last night, I wonder--is this how the Romans thought before the empire crumbled?

If China were to declare financial warfare on us, we would be buried. They hold more of our debt than anyone else. Our country's debt is mind-boggling. We have absolutely NO money. There is hope--we can do something about it--if we ALL act now.

Go see this important film and start a dialog--with your families and with yourself. I know I am going to do all I can to stop living in the present and  to make smarter choices with how I spend and save my money--and what I am going to demand of our government officials. Excuse the pun, but it's called accountability...