I.O.U.S.A.: One Nation. Under Stress. In Debt. (Unabridged)
by Addison Wiggin & Kate Incontrera
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The United States has been spending its way deeper and deeper into the red, and saddling future generations with the mess - but who's paying attention? To answer that question, this companion audiobook to the critically acclaimed documentary I.O.U.S.A. includes some of the most revered voices in the nation, including Warren Buffett; former treasury secretaries Paul O'Neill and Robert Rubin; Pete Peterson, CEO of The Blackstone Group; Congressman Ron Paul (R-Texas); and best-selling Empire of Debt author Bill Bonner. Armed with these interviews, historical references, and damning statistics, this audiobook takes a lively and entertaining romp through the four deficits the nation faces: the budget deficit, the personal savings deficit, the trade deficit - and what former U.S. Comptroller General David Walker, who resigned abruptly in 2008 over Congress's lack of action, calls the "leadership deficit" in Washington. Defiantly non-partisan, the empowering solutions outlined in this audio are a must-listen for any American who wants to help change "business as usual" in Washington as a new administration heads towards the Oval Office. "We the People" can get our politicians to stop spending, promote responsible economic programs, and hand our children and grandchildren the secure future they deserve.
I thought that this was an enlightening look at our debt crisis and the financial trouble still ahead of us. It is a "nuts and bolts" look at the situation explained in a way that is educational yet extremely interesting.
A Critical Work for an Unprecedented Time
This meticulously non-partisan work gets to the heart of America's financial problem. It reveals our problem with spending more than we earn, and puts it into a historical context that is suitable for the layperson and political junkie alike. The problem of deficits, debt, earmarks, unfunded mandates, low personal savings rates and the trade imbalance come to life as illustrative and historically instructive comparison and examples are employed to convey the issue. A must-listen for anyone who professes to be concerned with the future the next generation of Americans.