Jan 7, 2009

Upcoming information on the National Debt

Though the attention to the accelerating (not just accumulating) national debt is not misplaced, non-partisan attention might be useful. My own problem with the attention is that Medicare and Social Security--as the despicable Lawrence Summers insists on doing--become the targets of the concern. That means that the real drivers of the deficit are ignored: the bloated, unaudited, pork-barrel military/security/industrial budget, the decline in corporate income taxes particularly for the largest corporations, and the movement away from producing real wealth and into a casino economy, just to name ones that come immediately to mind.

So I suggest you take time to watch "I.O.U.S.A" this weekend. Information from the email announcement follows: CNN/U.S. will air the broadcast premiere of the acclaimed documentary I.O.U.S.A. on on Saturday, January 10 at 2:00 p.m. EST and on Sunday, January 11 at 3:00 p.m. EST. Accompanying the documentary will be an unscripted panel discussion with policy leaders about various economic solutions currently under consideration. Panelists are: Pete Peterson, Chairman of the Peter G. Peterson Foundation and former U.S. Commerce Secretary; Dave Walker, President and CEO of the Peter G. Peterson Foundation and former U.S. Comptroller General; Alice Rivlin, noted economist and former Director of the Office of Management and Budget; and Bill Bradley, a Managing Director of Allen & Company and former U.S. Senator and Democratic presidential candidate, in discussions about issues raised in the film and their ties to current economic events. You can watch a 30 second version of the movie at IOUSAthe Movie.com and get further information about the creators.

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