IOUSA

IOUSA is a recently released documentary revealing the precarious state of the United States' national financial health. Yes, we'll be watching this one.

The actors play themselves, and the movie stars the deficit of the United States. Joining David M. Walker of the GAO is Warren Buffett (everybody knows who he is) and Peter G. Peterson of Blackrock Group. The truthy-tongued trio predicts the collapse of the enormous national and personal debts that has contributed to a situation here in the homeland, that by 2040 will, "make the Great Depression look like a market correction" for the US. Well, that sounds, uh, difficult. In fact, the predictions in this documentary are far worse than what we've predicted on this site. The LA Times features a full story here.

"I.O.U.S.A." offers up as its action hero David M. Walker, former head of the Government Accountability Office. With movie-star looks that scream "accountant" rather than "Terminator," Walker has been the Cassandra -- or Chicken Little -- of America's growing deficit for some time. Last August, he compared the U.S. to the final days of ancient Rome, which he said was militarily overextended and fiscally irresponsible.

With this flick, we'll take a side of Freddie Mac, thankyouverymuch. Happy viewing, America. This is what happens after thirty years of financial ignornace. Illusion is amazingly persuasive.

Whose Economy Shall We Stimulate?

Thanks to The Column Reloaded (Ericsomething's Blog)we now know exactly what we can do with the tax rebate checks we await. Eric, a fellow Charleston blogger, got the following e-mail from his brother:

Our Note - they forgot guns :)
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Your Tax Rebate:

The federal government is sending each and everyone of us a $600 rebate.

If we spend that money at Wal-Mart, the money will go to China.

If we spend it on gasoline it will go to the Arabs.

If we purchase a computer it will go to India.

If we purchase fruit and vegetables it will go to Mexico, Honduras, and Guatemala.

If we purchase a good car it will go to Japan.

If we purchase useless crap it will go to Taiwan ...

...and none of it will help the American economy.

The only way to keep that money here at home is to buy prostitutes, weed, beer, and tattoos, since these are the only products still produced in the USA.

Thank you for your help & please support the US.