I.O.U.S.A

I.O.U.S.A

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by Addison Wiggin, David Walker, Kate Incontrera
     
 

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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, this 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

Overview

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, this 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; and Pete Peterson, CEO of The Blackstone Group. Defiantly non-partisan, the empowering solutions outlined in these pages are a must-read for any American concerned about the current state of affairs.

Editorial Reviews

From the Publisher
Praise for the theatrical version of I.O.U.S.A.:

"I.O.U.S.A. is a clear, cogent and compelling primer on contemporary American economics and the not-so-small matter of how we ended up at the edge of a precipice." — Toronto Star

"The buck stops here in this sobering but disarmingly irreverent look at the national debt." — Hollywood Reporter

I.O.U.S.A. | 3.5 Stars! "...it accomplishes an amazing thing. It explains the national debt, the foreign trade deficit, the decrease in personal savings, how the prime interest rate works, and the weakness of our leaders." — Roger Ebert

"An alternately amusing and alarming primer on America's off-the-charts fiscal irresponsibility." — Variety

"Equal parts enlightening and alarming, "I.O.U.S.A." highlights our unwise preference for short-term reward over long-term planning." NY Times

"For anyone seeking a clearer understanding of the financial state of the union — and strong enough to take the sobering news — [I.O.U.S.A.] is a good place to start." LA Times

"Some even wonder if it might do for the economy what Al Gore’s "An Inconvenient Truth" did for the environment..."I.O.U.S.A" is a bold attempt to highlight a potentially huge problem." — The Economist

Product Details

ISBN-13:
9780470222775
Publisher:
Wiley
Publication date:
09/29/2008
Series:
Agora Series, #26
Pages:
288
Sales rank:
1,247,542
Product dimensions:
5.90(w) x 9.00(h) x 1.00(d)

Meet the Author

Addison Wiggin is the Executive Publisher of Agora Financial, an investment research firm based in Baltimore, Maryland. Agora publishes The Daily Reckoning, a financial newsletter with more than 500,000 readers in the United States, Great Britain, and Australia, and is translated daily into French, German, and Spanish (www.dailyreckoning.com). It has received praise from mainstream publications, including Money, New York Times Magazine, and MarketWatch.com. Mr. Wiggin is the coauthor with Bill Bonner of the international bestsellers Financial Reckoning Day and Empire of Debt, and author of The Demise of the Dollar . . . And Why It's Even Better for Your Investments. He is also the Executive Producer and a writer of the feature-length documentary film I.O.U.S.A., which was nominated for the Grand Jury Prize at the 2008 Sundance Film Festival.

Kate Incontrera is the Managing Editor of The Daily Reckoning. Ms. Incontrera was also an associate producer and writer on the critically acclaimed documentary film I.O.U.S.A. Before joining Agora Financial in 2004, Ms. Incontrera studied writing at the University of Cambridge and Towson University in Baltimore, Maryland.

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I. O. U. S. A. 5 out of 5 based on 0 ratings. 3 reviews.
Anonymous More than 1 year ago
Hiawatha101 More than 1 year ago
Every American should read this book. It is a very clear exposition of the country's financial condition and of what's behind it. If, when you read this book, you find that it is describing an all-too-familiar situation, that is because many of us are in a similar condition, and for similar reasons. You'll see the current "stimulus" efforts in a new way, and perhaps wonder what it is we ought to be stimulating. When you're through reading the book, send it to your favorite federal official!
Anonymous More than 1 year ago
I.O.U.S.A. is the follow-on to Wiggin's best-selling Empire of Debt. It focuses a lot on the stories of people in the previous book who are tasked with making decisions regarding the four deficits our country faces: trade deficit, savings deficit, federal deficit, and the aptly-named leadership deficit. To give you a feel for some of the folks he talked to for the book, it's the likes of: Warren Buffet, Robert Rubin, Alice Rivlin, Pete Peterson, David Walker, Paul O'Neill, James Areddy, and Bill Bonner.

With America's federal debt at $8.6 trillion and growing, it's important to understand how this will impact the countries future, including entitlement programs we've grown to rely on, like Social Security and Medicare. The book isn't perfect, but it looks at a topic that every American will benefit from increasing his or her familiarity with.

Another book I recommend strongly because it is superb and has helped me immensely in keeping my own, errr, "deficits" under control is The Emotional Intelligence Quick Book.