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kdakota630 (29.61)

I.O.U.S.A. on CNN

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January 08, 2009 – Comments (5)

I haven't seen the acclaimed documentary I.O.U.S.A., but I've heard very good things about it.  A number of CAPS players have mentioned how good it was, so I wanted to share this:

CNN to Broadcast I.O.U.S.A.

The public has spoken, and we've listened. In response to demand for information about our country's financial challenges, CNN/U.S. will air the broadcast premiere of the acclaimed documentary I.O.U.S.A. on on Saturday, January 10 at 2:00 p.m. EST and on Sunday, January 11 at 3:00 p.m. EST. Accompanying the documentary will be an unscripted panel discussion with policy leaders about various economic solutions currently under consideration.

This exclusive televised event will air only on CNN, and will be hosted by Ali Velshi and Christine Romans, co-anchors of CNN's Your $$$$$, the network's weekend business roundtable program.

Throughout I.O.U.S.A.'s broadcast premiere, Velshi and Romans will engage a distinguished group of panelists, including Pete Peterson, Chairman of the Peter G. Peterson Foundation and former U.S. Commerce Secretary; Dave Walker, President and CEO of the Peter G. Peterson Foundation and former U.S. Comptroller General; Alice Rivlin, noted economist and former Director of the Office of Management and Budget; and Bill Bradley, a Managing Director of Allen & Company and former U.S. Senator and Democratic presidential candidate, in discussions about issues raised in the film and their ties to current economic events.

Learn more about the film at www.IOUSAtheMovie.com. And be sure to spread the word about the U.S. broadcast premiere!

5 Comments – Post Your Own

#1) On January 08, 2009 at 11:48 AM, motleyanimal (58.16) wrote:

I've got my DVR locked and loaded for this one.

Thanks for the notice.

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#2) On January 09, 2009 at 4:39 AM, AnomaLee (28.65) wrote:

Thank you very much for the information.

I've watched the 30 minute version of IOUSA on YouTube, but I haven't been able to find the full length film.

I will be sure to record and watch this one.

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#3) On January 10, 2009 at 4:24 PM, Calcruzer (< 20) wrote:

Interesting program, but next time get someone besides public officials to state the solution.  They claim that the only solution necessary is that individuals must save more of their own money.  This completely misses what the problem is.

No national deficits are being run up by individuals--they are run up by governments (the US government in particular).  There is not an individual living in the US who doesn't have to balance their own checkbook over the long run (even if you do include bankruptcy, or walking away from a foreclosure as a solution for a short-term problem, as a very minor 1% of individuals do). 

The real problem is completely unrelated to individuals spending too much--the problem is related to the government doing deficit spending.  At the end of this program, all the individuals interviewed say that people must have "forced savings" programs besides their 401(k)s.  Well, what do you call social security?  And the reason that we don't save even more in our 401(k)s is that we've learned that (a) our financial regulators can't protect us from Madoff or Enrons because they are complete idiots (like our SEC) friends, and (b) that in a highly inflationary environment (such as we've had for years), we are better off investing in houses or buying things right away rather than save for the future when everything will cost 50% to 100% more in real terms. 

Even now, the answer to this economic mess is to reward the guilty--the treasury gives money to the financial firms that created credit swaps (what Buffett call weapons of financial mass destruction) while they refuse to lend to business--and the government continues to deficit spend our hard earned cash (which will undoubtedly also result in higher taxes later), while blaming us even as we do balance our own checkbooks and put money aside for our future since we know the Social Security system won't be there for us even after we've all paid thousands into it.  What a system.

  

 

 

 

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#4) On April 10, 2010 at 1:15 PM, gglwrx (< 20) wrote:

Oil and wheat and iron are finite quantities. There are a limited number of places to get them in the world.   Money is not is not a finite thing; it is an idea.  The whole world suffers if the American economy fails.  Maybe we shouldn’t be the principal responder to every crisis, but we are.  Maybe world leadership should be shared more, but so far no one else is stepping up to the plate.  (Are we stopping them?)  

Is there a way that we can redefine a nation’s wealth and its debt?  Can we relate it to natural resources, production capacity, work-force education and experience so that we level the playing field for everyone? 

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#5) On April 10, 2010 at 3:10 PM, concernedperson (< 20) wrote:

I just got in on the very last few minutes of the program.  I did not hear anything about who took the money out of our savings.  What I did hear was excuses that there were too many baby boomers and not enough money to pay them.  I was part of the federal government work force in 1984 and was forced into FERS and pay into social security rather than continue with my CSRS Pension.  Now they want to extend my age so I cannot draw social security when I should have been elligible.  I say lets take our senators off of their pensions and make them pay into social security just like the rest of us.  Maybe then they will not be so fast to dip into social security and use it for their pet programs. I have read where the government owes social security 2.7 trillion dollars in bonds and it has come due. 

 

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