It's Friday Night! Party Time!
Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
This weeks video clip theme is focused around a new documentary, I.O.U.S.A.. It's a call to arms for Americans to demand action on reducing the deficits.
First up, the Horror:
the Blood Fest:
The Four Horsemen of the Apocalypse:
and some truth on Social Security (solvent by itself):
60 Minutes interview with the GAO Comptroller, David Walker:
Warren Buffett on the Trade Deficit:
Last night they literally had showings of this documentary along with a townhall.
Here is the transcript.
Finally the Documentary Trailer:
I haven't seen the actual documentary, but plan to when available. One thing I was on the look out for was some sort of either removing social safety nets from our government or privatization of social security. We know that's creation of a crisis is a common method to convince voters to act against their own best interests. Fortunately there was broad commentary coming from these groups and that particular agenda didn't seem to be the focus. There is some mention of that but health care cost reduction, investment in the United States to remain an engine of economic growth and so on were mentioned.
Groups behind this are the Peter G. Peterson Foundation and seemingly the Concord Coalition. Warren Buffett most people are aware is about as close as one is going to get about a Billionaire having concerns for the United States Middle Class.