Click Image for Movie Trailers
The 30 Minute version is here
There was a one night screening of I.O.U.S.A. in Columbus, so me and a couple guys went to go see it. I had a pretty good idea up front about what the movie was about, but I honestly surprised at the information the documentary presents.
It’s based off the work of David Walker, former United States Comptroller General from 1998 to 2008. He was the government’s chief auditor.
What he found was that we are living an unsustainable life style in the Untied States, and the only way we can afford to kept afloat is by borrowing from future generations. The clip below shows the budget for the last 30 years.
The whole movie is packed with information, one of those movies you need to watch 3 or 4 times with a pad of paper to take notes. But there were several points that stuck at me, that I’d like to share.
Number one is former United States Secretary of the Treasury, Paul O’Neil. You may not remember him but he had the job before Paulson, and I would like to note we would be in much better shape if he still had it. The clip below is of O’Neil talking about the White House. By the way his book, The Price of Loyalty is worth reading.
He basically got fired because he refused to cook the books the way the white house wanted him to, he was asked to resign, he said no, so they fired him. It bothers me that our government who spends our tax money, fires a guy with a respectable track record, and an honesty reputation because he wouldn’t lie.
Number 2, is this clip of Donald Rumsfeld on September 10, 2001. Rumors were beginning to leak to the press that there was a lot of money that the government had no track of, hows that for government being thrifty. so Rumsfeld finally comes out and has a press conference.
An interesting point is that on September 11 the plane that flew into the pentagon, happen to hit the very office where all of the investigation papers were about where that money went to. Needless to same the investigation was canceled.
Number 3 is the video clips in the movie of Ron Paul Drilling former Chairman of the Federal Reserve, Alan Greenspan. I couldn’t find the clips on YouTube. They are similar to this clip of paul questioning current chairman Bernake.
I did find this transcript of a February 17, 2000 congressional meeting between the two.
Dr. PAUL. Thank you, Mr. Chairman.
Good morning, Mr. Greenspan. I understand that you did not take my friendly advice last fall. I thought maybe you should look for other employment, but I see you have kept your job.
Ron Paul is by far the smartest man in Washington, especially about economics. And yet this is the guy that the media had to make look crazy so he wouldn’t break the domination of corporate America in Washington.