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Billionaires Expose National Debt

Published 08/21/08 Alexia Cameron - Print Article
E-mail - editor@economyincisis.org

Our economy faces the brink of a financial meltdown and billionaires Warren Buffett and Pete Peterson want to inform the American public just how far we have fallen. Their documentary I.O.U.S.A examines the rapidly growing national debt, overextended entitlement programs and our massive debts to foreign countries.

The documentary will be released Thursday August 21, with showings in 358 theaters. A live panel discussion follows the first showings and will include Buffett, Petterson, AARP’s chief executive and William Niskanen, chairmain of the libertarian-learning CATO institute.

Considered to be the “The Inconvenient Truth” of the economy, the film claims that our national debt is actually 43.3 trillion over the projected rate of $9.6 trillion our country currently acknowledges. The film is being released as part of Peterson’s campaign to give our ballooning debt a central role in the upcoming presidential elections.

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