Iousa Documentary Analysis

To illustrate, during the course of the documentary film, IOUSA, the directors of the documentary, narrator, and along with important top government officials, focused on topics of discussion that seek to enlighten the public on the major deficits of the United States, which is made unavoidable to the audience with the presentation of omnipresent empirical observations. Indeed, the producers present a frightening truth regarding US politics of deficits and tax cuts. Inevitably, if policies don’t take into account the ballooning fiscal crisis, then appalling economic consequences will follow. Notably, there are four deficits that are leading the United States into an impending, looming crisis: budgets, savings, trades, and, most importantly, …show more content…
At the time of 2007, being the nation’s top accountant, he took into account all the of the nation’s liabilities, promised budgets, and revenue, and concluded that if trends regarding the fiscal budget continue, we will come to see in our lifetime an unsustainability in the standard of living. Importantly, the federal government’s two largest successful programs: Social Security, and Medi-Care, are the biggest contributors to the impending crisis, yet one of them is largely a program that actually helps the federal government maintain it’s fiscal policy. That program is, of course, Social Security. Social Security has assisted the government in preventing debt, as Social Security generates large surpluses, which allows for the federal government to, unfortunately, borrow from it’s own citizens in order to continue it’s spending, though eventually it will not be a solution to more spending, but a disaster to it. Furthermore, as of 2007, with all combined unfunded liabilities of Social Security and Medi-Care, the federal government, at least by calculations made by experts, has had over 50 trillion dollars of unsustainable debt. In contrast, during the Jacksonian era of 1845, the United States had a debt-to-GDP ratio of zero …show more content…
In no period prior to 2007, or after, has there been a leader a championing fiscal stability in government. On the contrary, there have been policies from both sides that have simply been adding to our costly, unsustainable, looming debt. Whether policies are costly large tax cuts, or costly heavy spending, it’s all added to the impending crisis that will send fiscal and monetary shockwaves not just in our lifetime, but to those that are even unborn. If no leader makes a stand for the generations of citizens that have inherited this debt, then it’s only a matter of time before we, sadly and painfully, come to recognize the debts and deficits first