I.O.U.S.A. is a cautionary, informative, if wry documentary on the sad financial state of the U.S.
The director of Wordplay, Patrick Creadon, has an eye for visuals and a feel for the idiosyncacies of people while no one seems to care or take notice of a nine million dollar deficit.
There are plenty of aids to make one aware of the "fiscal cancer" that isn't one of the issues that platformers want to expound upon as the convention season commences during a major election year. Sharp graphics, including pie charts gives one a crackling history of the skyrocketing national debt since America broke away from England. Of course, besides inflation, there is government programs, misguided tax cuts, and defense/war spending.
Like An Inconvenient Truth, this documentary enlightens as a state-of-the-art slide show with accountability explained by U.S. Comptroller David M. Walker and Concord Coalition chief director, Robert Bixby, who drinks Tab and brings a natural sense of humor to the proceedings.
Creadon works off the novel "Empire of Debt" to show how the nation and individuals are much more adept at spending than protecting earnings. According to the filmmakers, the exponential increase was exacerbated by those like Richard M. Nixon and Federal Reserve Board Chairman Alan Greenspan with effects on inflation and the dollar.
I.O.U.S.A. may connect with economics professors and majors, and can serve as an educational tool in alarming many of what really can be seen as a national emergency. After what China put into the Beijing Olympics, something timely can be pictured as it has much leverage as a growing economic power. As people don't know much about their finances it's nice to see and hear some talking heads like Warren Buffet and ex-Treasury man Paul O'Neill talking about the subject.