I.o.u.s.a

Early reviewers have dubbed I.O.U.S.A. An Inconvenient Truth for the economy. -The Washington Post The next president better take this seriously, or I fear that we'll be in a much worse situation than a recession. -David Walker, former Comptroller General of the United States The United States has been spending its way deeper and deeper into the red, and saddling future generations with the mess-but who's paying attention? To answer that question, the companion book to the critically acclaimed documentary I.O.U.S.A. talks with some of the most revered voices in the nation, including Warren Buffett; former Treasury Secretaries Paul O'Neill and Robert Rubin; Pete Peterson, CEO of The Blackstone Group; Congressman Ron Paul (R-Texas); and bestselling Empire of Debt author Bill Bonner. Armed with these interviews, historical references, and damning statistics, the book takes a lively and entertaining romp through the four deficits the nation faces: the budget deficit, the personal savings deficit, the trade deficit-and what former U.S. Comptroller General David Walker, who resigned abruptly in 2008 over Congress's lack of action, calls the leadership deficit in Washington. Defiantly non-partisan, the empowering solutions outlined in these pages are a must-read for any American who wants to help change business-as-usual in Washington as a new administration heads towards the Oval Office. We the People can get our politicians to stop spending, promote responsible economic programs, and hand our children and grandchildren the secure future they deserve.