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I.O.U.S.A.: Documentary Worth a Peek

August 25, 2008

Jim Kingsdale submits:

Pete Peterson, the former Treasure Secretary and co-founder of The Blackstone Group, has donated $1 Billion of his IPO receipts to a fund devoted to trying to save America from drowning itself in debt- a sort of super-Common-Cause (of which he was also a co-founder).  One project of the fund is a traveling road show of “Town Meetings” on the subject of America’s apparent desire for financial self destruction.   Another is the recently released feature documentary on the subject called I.O.U.S.A. which has a lot of Town Meeting footage and which I just saw today. 

The film has slick production values.   Even though it’s half hour’s worth of content is shoe-horned into a 1 hour and 25 minute film I’d still encourage anyone to see it, especially investors, because the problems it highlights truly are scary and we all should focus more on them as investors and just plain citizens.  It specifically suggests that the U.S. is now on the brink of meeting the same fates as the Roman and British empires partly because of fiscal irresponsibility.

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I.O.U.S.A.: Documentary Worth a Peek

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