<p>Stories about I.O.U.S.A., the new feature-length national debt documentary, are now appearing in media outlets throughout the country. The film will be screening nationwide on August 21st, to be followed by a broadcast discussion with legendary investor and financial sage Warren Buffet, co-founder of the Blackstone Group Peter G. Peterson and former United States Comptroller General David Walker. You can find out where the movie is playing near you and purchase tickets online</p>
<p>I can remember years ago listening to economists say that the national debt did not matter because we “owe it to ourselves”. I can remember thinking that they sounded like a bunch idiots. I suspect this movie may confirm my belief that debt and spending affect government just like they affect everyone else.</p>
<p>My problem with media is why they are not asking McCain and Obama what programs they will cut in federal spending. I am hoping that using Clinton strategy they do not increase taxes and try to cut federal spending that has gone out of whack. Economist always advice an individual to cut spending in case if the individual income does not increase. Why media is not asking some tough questions to these presidential nominees about the economy of this country that who has vision to get us out of the mess we are in. Obama wants to increase taxes but not cut spending – a problematic way to balance the budget. McCacin wants to cut more taxes and not cut enough spending – a problematic way not to balance the budget. The both nominee needs to offer a better fiscal vision.</p>
<p>For those interested:</p>
<p>[We</a> Can’t Tax Our Way Out of the Entitlement Crisis - WSJ.com](<a href=“http://online.wsj.com/article_print/SB121927694295558513.html#]We”>http://online.wsj.com/article_print/SB121927694295558513.html#)</p>