August 22, 2008

Dangerously in Debt
Former U.S. Comptroller General David Walker speaks out on the perils of the rising federal deficit in the new film "I.O.U.S.A.

Anthony Kaufman:

If "An Inconvenient Truth" sounded the alarm on global warming, "I.O.U.S.A.," a new documentary opening in theaters Friday, hopes to do the same for the rising federal deficit.

Backed by Blackstone Group Chairman Peter Peterson, "I.O.U.S.A." follows former U.S. Comptroller General David Walker and the Concord Coalition's Robert Bixby on a "fiscal wake-up tour" across America. In the movie, which is co-written by "Empire of Debt" co-author Addison Wiggin and directed by "Wordplay" filmmaker Patrick Creadon, Messrs. Walker and Bixby argue that unless the government alters its policies and spending habits, the U.S. will be in for a serious financial meltdown.

Mr. Walker, who headed the Government Accountability Office from 1998-2008, exited his official U.S. post five years early in order to head the Peter G. Peterson Foundation and dedicate himself fulltime to fiscal education before, as he says, "we face a real economic crisis." Mr. Walker spoke with The Wall Street Journal about the dangers of the debt and what needs to be done to prevent what he foresees to be an economic catastrophe.>

Posted by jez at August 22, 2008 9:32 PM | Subscribe to this site via RSS:
Posted to Culture | Politics | Taxes