Is the U.S. Government Insolvent?Last year's documentary I.O.U.S.A., which featured well-known people in government and business like Alan Greenspan, Paul Volcker, Ron Paul, and Berkshire Hathaway's Warren Buffett, pointed to an overburdened and unsustainable situation even before all the bailout madness really picked up steam.
DE BORCHGRAVE: Running on empty
When IOUSA made its documentary film debut last August, it soon earned the sobriquet "Fiscal Wake-Up Tour." Its unrelenting gloom toted up a $9 trillion federal debt, a $738.6 billion trade deficit, and the news that each U.S. citizen now owes $30,000. But all the stats are already hopelessly out of date. Read On >>
CNN to Broadcast Stratham Native's FilmJan. 10-11
In response to demand for information about the nation's financial challenges, CNN/U.S. will air the broadcast premiere of the acclaimed documentary "I.O.U.S.A.," co-written and executive produced by Stratham native Addison Wiggin. Get the Details >>
CNN to Broadcast I.O.U.S.A.
The public has spoken, and we've listened. In response to demand for information about our country's financial challenges, CNN/U.S. will air the broadcast premiere of the acclaimed documentary I.O.U.S.A. Get the Details >>
I.O.U.S.A. is a BEST SELLER!
Addison Wiggin and Kate Incontrera's I.O.U.S.A. made the Business Week Business Best-Seller List! Check it out >>
I.O.U.S.A. was nominated for a Critic’s Choice Award on Dec 9th. We’re in some pretty prestigious company, as you can read about here. Not only are we honored by the selection, but Kate tells us that these nominations have a reputation for predicting Oscar nods. That would be something else, eh?
That means, among all 94 documentaries that qualify for an Oscar nod in 2008, the Academy has whittled down the 15 it's willing to consider for the final nominations on Jan. 22. Five films will be chosen on that date. Read the official release from the Academy.
I.O.U.S.A. invades Britain! Our film has finally premiered to packed theaters throughout the UK. The British reviews are in and they offer some friendly advice for President-elect Obama...watch this film. We agree completely... Here is one of them from the Times Online. I.O.U.S.A. will attack the European continent very soon...stay tuned.
iTunes.O.U.S.A. Addison Wiggin and Kate Incontrera's #1 selling book, I.O.U.S.A, is now on iTunes. If you have iTunes loaded on your computer simply go to the iTunes store and search I.O.U.S.A. to download.
I.O.U.S.A.opened internationally in Canada on October 24th in Toronto and Vancouver. We traveled to Toronto to support the opening night screenings with a Q&A at the Carlton. I.O.U.S.A. was positively reviewed by all the major dailies, a few of which we posted below. You can also view an (early morning!) segment we did on Canada AM. MTV Canada did a short news segement on the film, too. Click here to read the Canadian reviews >>
I.O.U.S.A. Wins Best Documentary at the 2008 New Hampshire Film Festival! Lean more about I.O.U.S.A. at the 2008 New Hampshire Film Fesival here >>
National Press Club, Washington D.C. Most Americans are Going to Have to Rethink What They Expect from Their Government At a press conference at the National Press Club in Washington, D.C., Addison Wiggin, co-author of the just-released book I.O.U.S.A., discussed the bailout controversy, what it means to U.S. citizens, the challenges facing the economy and the impact the federal debt will have on the American people.
I.O.U.S.A. picks up where Addison Wiggin and Bill Bonner’s New York Times best-selling Empire of Debt left off. It features stories about the people involved in making decisions about the four major deficits in the country (federal deficit, trade deficit, savings deficit, and leadership deficit). Complete transcripts of interviews conducted with Warren Buffet, Alan Greenspan, Paul Volcker, Robert Rubin, Alice Rivlin, Pete Peterson, David Walker, Paul O'Neill, James Areddy, Arthur Laffer, Steve Forbes and Bill Bonner also accompany the book.
Also available on iTunes.
Download iTunes for free here.
As we did with Empire of Debt a few years ago, we mailed a copy of the companion book to I.O.U.S.A. with this letter to every member of Congress. We included the reviews of the film from Roger Ebert, The New York Times, The Economist and Variety. Just as we did with the responses we got the first time around, we’re going to publish all the ones we get this time. You will find the ones we have received below:
I saw I.O.U.S.A. last night... Kudos. I am in my mid-fifties, and have worked in and around the film and entertainment industry my whole life. I have only one thing to say - the film was absolutely the most important film I have seen in my life. It should be mandatory viewing by everyone in the United States... Congratulations. "
— R. Eckerman, Agora Financial Reader
Drove 2 Hrs to See I.O.U.S.A.
Two hours each way, I might add. I conclude, David Walker for president and Agora as his esteemed Cabinet! ...The documentary was top-notch, I give it an A-. I can't say much more than it was very well produced and that the facts delivered were truly eye-opening — even for an Agora faithful like myself. Everyone needs to see this! Excellent movie — well worth the drive.
It was featured in a Live Premier with Warren Buffet, Pete Peterson and David Walker in 400 theatres around the nation on August 21st, 2008. If you missed the event, you can read a transcript of the national town hall meeting here.
Wake up, America!We’re on the brink of a financial meltdown.
I.O.U.S.A. boldly 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. Wielding candid interviews with both average American taxpayers and government officials, Sundance veteran Patrick Creadon (Wordplay) helps 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.
With surgical precision, Creadon interweaves archival footage and economic data to paint a vivid and alarming profile of America’s current economic situation. The ultimate power of I.O.U.S.A. is that the film moves beyond doomsday rhetoric to proffer potential financial scenarios and propose solutions about how we can recreate a fiscally sound nation for future generations.
Pointedly topical and consummately nonpartisan, I.O.U.S.A. drives home the message that the only time for America’s financial future is now!