I.O.U.S.A

Many countries faced financial difficulties, especially in this hard times where prices of just about everything is soaring high, not to mention the scarcity of resources especially food. All countries face financial problems in the form of debts at some point. But many third world countries are long suffering from debts for a number of years already. I don’t know if there is a country or a state without a debt or not having fiscal troubles. I doubt it.

Can countries buried in national debts get out from this scenario? But when and how long before that happens. I don’t want to sound like am so political here. But if your country has debts to pay, it affects you as a citizen. You have to pay for it literally in the form of taxes. So it’s your concern.

Basically, I talk about this because of the I.O.U.S.A. , a documentary about the national debt of the USA. The documentary will talk about this national problem and ways to cope up with it. It’s an interesting documentary. It will be shown on August 21, 2008, a one night event by Fathom. There will be a discussion among financial analyst Warren Buffett, Pete Peterson and Dave Walker.

There is a trailer available but unfortunately I can't access it due to poor internet connection. Maybe i'll update this post later.