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The film starts with cameramen asking people just how much they know about the federal deficit, the federal debt, the difference between the two and more. Unfortunately, the vast majority of people simply didn't know the answers to these questions. This is no laughing matter. These topics are highly relevant in these harsh economic times when America is at a true crossroads; the nonpartisan film shows that we and our government have to choose between spending and saving wisely or being reckless with our money as we have been.
In addition, the interview footage we get here is extraordinary. Peter Peterson contends that out biggest threat is our own financial turmoil, not terrorism (I would rank the two about equal, though). I also appreciated the footage with former Comptroller General Of The United States, David Walker. David Walker speaks in plain English about the dangers of America's national debt, the ballooning national trade deficit and the increasing budget deficit. David Walker and his colleagues including Robert Bixby, head of The Concord Coalition, go on "fiscal wakeup tours" that never make the news although they should have been reported.Read more ›
This movie's primary message is that, unless something changes really quickly, there is another subprime crisis just waiting to happen: the national debt and the governments' unfunded liabilities (especially Social Security, Medicare, and Medicaid) are ticking time bombs. In other words, if you're not worried yet, you should be; the movie effectively demonstrates that, unless these problems are acted on quickly, the next generation will almost certainly have a lower standard of living than the current generation.
This film is an extremely well-done, high-quality documentary that addresses a crucial issue. It also does an extremely good job of being non-partisan; the film deliberately avoids taking a position on issues like big government vs. small government, the welfare state, tax cuts, etc. It merely argues that we need to pay for the government we actually have; most people are trying to have their cake and eat it too in the sense that they want ever-increasing government benefits and ever-decreasing taxes. (Consider that Bush pushed through a large tax cut and then dramatically increased government spending).Read more ›
Couple of comments: first, if you are fiscally responsible in your own daily life, which most of us are, this movie make for frustrating viewing. Everyone sees what the problem is, and knows how it can get fixed, yet nobody in a position to do something about it (the White House, Congress) does anything. Second, writer-director plays it smartly and stays away from "picking sides" between Democrats and Republicans. His perspective is that ALL of Washington is to blame. Third, in addition to the many talking heads, Creadon also interviews people on the street, i.e. Joe Six-Pack and Soccer Mom. At one point Creadon asks: "when the federal government needs to borrow money, how do they do that?", and then look at the startled faces... Amazing. The documentary ends in mid-2008, but in the many DVD bonus materials, there is a further update dated January, 2009 from David Walker (now working in a non-profit), where he laments that the overall debt is projected at 66% of GDP for 2009, and the annual deficit at over a trillion dollars.Read more ›
Most Recent Customer Reviews
...to the makers of this very important documentary. At some time in the future we will watch this and say "I can't believe we didn't see this coming or didn't do anything... Read morePublished 4 months ago by Amazon Customer
I never purchased it. It just showed up as bought. I dont see it in my order history. -15 starsPublished 5 months ago by MAT
The movie is essentially a grab-bag of statistics with no context.
For example, we're told repeatedly that we have about 8. Read more
When the history of our republic is written, this generation will be justly condemned.Published 6 months ago by DOUGLAS TEER
This is invaluable information, poorly portrayed. As an accountant and financial manager, I believe every Americans should know what this DVD says ... Read morePublished 7 months ago by Retired Guy