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Scott Sando

I.o.u.s.a. - One Nation. Under Debt. In Stress.

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I.O.U.S.A. examines the rapidly growing national debt and its consequences for the United States and its citizens. As the Baby Boomer generation prepares to retire, will there even be any Social Security benefits left to collect? Burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries that are becoming impossible to honor, America must mend its spendthrift ways or face an economic disaster of epic proportions. Throughout history, the American government has found it nearly impossible to spend only what has been raised through taxes. The film blends interviews with both average American taxpayers and government officials to demystify the nation's financial practices and policies. The film follows U.S. Comptroller General David Walker as he crisscrosses the country explaining America's unsustainable fiscal policies to its citizens. The film interweaves archival footage and economic data to paint a profile of America's current economic situation. The film also proffers potential financial scenarios and propose solutions about how to recreate a fiscally sound nation for future generations Edited by Scott Sando

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If they do try to reign in the deficit and start repaying what they owe on their national debt in real terms it will mean cutting so many commitments that it will impoverish the nation immediately (relatively speaking) and cause a depression. This will not be popular with ignorant and affected voters and any candidate that promises to turn the money tap back on will get voted into power. Same situation in the UK.

Debates about cutting deficit and sustainable spending are pretty much irrelevant in our democracies, as the politicians will always be happy to spend money they haven't got in exchange for power and the voters will always be happy to unthinkingly vote for someone who promises the moon on a stick. Short-termism will always triumph.

"The best argument against democracy is a five minute conversation with your average voter". - Sir Winston Churchill

The end result is already baked the cake - See The Roman Empire, The Ottoman Empire, The British Empire, The U.S.S.R.. Debt finished them all. So it will be with the global US hegemonic Empire.

Dump those dollars!

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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