This is an incredibly eye-opening documentary about America's runaway government spending and enormous deficits. It's especially timely and relevant as President Obama proposes to raise spending by $1 trillion over the already unprecedented spending of the Bush Administration. Its graphs and charts are also brilliant in their ability to help you really see and visualize what all the numbers mean. You should definitely make yourself a cup of tea and watch this right now.
Here's their description:
By now, you may have heard about our acclaimed documentary I.O.U.S.A., a film that boldly examines the rapidly growing national debt and its consequences for the United States and its citizens. The film has been a huge hit, getting rave reviews from Roger Ebert and others.
Now, we proudly release a 30-minute condensed version of I.O.U.S.A. designed specifically for watching and sharing on the web - for free.
So if you haven't had a chance to see the movie yet, watch the condensed I.O.U.S.A. today. If you've already seen it in a theater, check out the abbreviated version for a refresher. Then, tell your friends, your family, your Facebook friends and your Twitter followers about the staggering amount of money - $53 trillion - in financial obligations owed by the federal government to foreign investors and to every single American in the form of pensions, health benefits, Social Security and Medicare.
Then, visit http://www.IOUSAtheMovie.com and join us in our Fiscal Wake-Up Movement. Together, we can make American fiscal responsibility a reality.
The Peter G. Peterson Foundation has teamed up with mtvU to create InDebtEd, a new campaign for college students that raises awareness about the dangers of personal and government debt and promotes action to help stop the fiscal crisis in the United States.
Applicants 18-28 years old, individually or in teams, must come up with a creative, original idea for a video game that addresses the nation's fiscal crisis, with a $10,000 prize at stake.
To get more information, or to apply to the contest, go to http://indebted.mtvu.com/the-challenge. And if you're not between the ages of 18-28, forward the site to a friend who is!
H/T: The Holy Cause (saw it in the sidebar)