I.O.U.S.A. - About the 54 Trillion dollar USA deficit

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  1. Eric Graudins profile image61
    Eric Graudinsposted 9 years ago

    Hi,
    Recently a feature film named I.O.U.S.A. was released, which is about the enormous debt burden that is crippling the USA.

    A 30 minute version has just been released on You Tube at http://au.youtube.com/watch?v=O_TjBNjc9Bo

    If you're not aware of the USA national debt, its causes, and implications it's well worth a look.

    1. Jerrico Usher profile image54
      Jerrico Usherposted 9 years agoin reply to this

      thank you

      That was pretty interresting (and scary)

  2. Lissie profile image80
    Lissieposted 9 years ago

    Interesting - Im not all the way thru but the % of revenue from company tax seems incredibly low compared to the % of direct tax

  3. Eric Graudins profile image61
    Eric Graudinsposted 9 years ago

    It's amazing that this topic does not seem to have even been raised as an issue by either of the candidates.

    1. Jewels profile image84
      Jewelsposted 9 years agoin reply to this

      I wonder if either candidate has a solution to it?

      1. Eric Graudins profile image61
        Eric Graudinsposted 9 years agoin reply to this

        The answer would be a combination of significantly raising taxes, not going ahead with promised medicare reforms, and other cost cutting measures.

        And neither of the candidates would want to go there - at least before the election.
        Anyway, I'm half a world away from the US and not really qualified to give an opinion.

        1. Mark Knowles profile image59
          Mark Knowlesposted 9 years agoin reply to this

          Cost-cutting? From a government? lol

          And the problem may be big in the USA, but it is world-wide in scope. My government managed to find £ 250 billion from nowhere  sad   And the European governments are busy printing more Euros as fast as the presses will run. The Russians are dumping $15 billion a week into their economy and I have no clue what is going on in China other than they are in trouble too.

  4. guidebaba profile image57
    guidebabaposted 9 years ago

    India is Not Spared either. Jobs Cuts, Salary Cuts, Price increase (Mainly on imported products as Rs. get Weeker). The Day doesn't looks far away when we may have to put lipstick on a Pig and be Happy and Entertained rather than going out for a some Fun or Shopping. neutral

 
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