Sunday, August 24, 2008

I.O.U.S.A....the movie.

A few weeks ago, I wrote about the subprime crisis being just a pitstop on the list of economic challenges the US faces in the coming years. I just found out a movie has been made about the "larger" long term crisis. I.O.U.S.A talks about US heading for a long term decline and eventual bankruptcy if nothing is done to change its current economic trajectory.

"Deficits don't matter ...." - Dick Chenney.
"....until your lenders stop lending...." - Lucky Tan

Warren Buffett has a role in the movie explain what can go wrong if you spend too much:

You don't need a Phd in economics to figure out that US is in big trouble....and country just cannot go on spending and borrowing like what the US has been doing for the past 20 years.


Anonymous said...

and you don't need a fucking degree to know we have been fucked! lol

Onlooker said...

But it is still a nice place if they can get the wastrel out of the oval office :)
FYI:- the contracter to army personel ratio now stands at 1:1.Haliburton makes a lot of $$$$$$.
This is what happen when a corrupted few hijacked the entire government for their personal gain.

Anonymous said...

probably some chicken shit broken the laws and is on the run.

some joker must have laid a pile of shit for him to walk into you think? lol

Anonymous said...

Yes, how could they not have figured out that this was going to happen, when so many people sounded so many warnings since 2006 about the impending subprime crisis and the ballooning deficits. The US is in decline, no doubt about it. And Americans had better be prepared to face hardship in the coming years.

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