Debut Of Important Documentary : I.O.U.S.A. , The Movie by out2theblack

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Debut Of Important Documentary : I.O.U.S.A. , The Movie

POSTED BY: OUT2THEBLACK
UPDATED: Friday, January 9, 2009 03:49
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Thursday, January 8, 2009 4:04 PM

CNN to Broadcast I.O.U.S.A.

The public has spoken, and we've listened. In response to demand for information about our country's financial challenges, CNN/U.S. will air the broadcast premiere of the acclaimed documentary I.O.U.S.A. on Saturday, January 10 at 2:00 p.m. EST and on Sunday, January 11 at 3:00 p.m. EST. Accompanying the documentary will be an unscripted panel discussion with policy leaders about various economic solutions currently under consideration.

This exclusive televised event will air only on CNN, and will be hosted by Ali Velshi and Christine Romans, co-anchors of CNN's Your $$$$$, the network's weekend business roundtable program.

Throughout I.O.U.S.A.'s broadcast premiere, Velshi and Romans will engage a distinguished group of panelists, including Pete Peterson, Chairman of the Peter G. Peterson Foundation and former U.S. Commerce Secretary; Dave Walker, President and CEO of the Peter G. Peterson Foundation and former U.S. Comptroller General; Alice Rivlin, noted economist and former Director of the Office of Management and Budget; and Bill Bradley, a Managing Director of Allen & Company and former U.S. Senator and Democratic presidential candidate, in discussions about issues raised in the film and their ties to current economic events.

Learn more about the film at www.IOUSAtheMovie.com.

And be sure to spread the word about the U.S. broadcast premiere !

Obama Foresees Trillion-Dollar Deficits

CNNMoney.com reported on Tuesday that when President-elect Barack Obama takes office on January 20, he'll inherit an economy deeper in debt than ever.

Obama commented on the unprecedented deficit, saying, "At the current course and speed, a trillion-dollar deficit will be here before we even start the next budget." In reference to his planned economic recovery plan with an $800 billion price tag, Obama added, "And potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on at this point."

Even with Obama's promised budget reform, our economy will still remain in the red at least for the next few years. However, incurring a trillion-dollar deficit in the short-term in order to stimulate the economy is, according to organizations like the Center on Budget and Policy Priorities, essential in order to prevent "a deep and prolonged recession."
Dave Walker, president and CEO of the Peter G. Peterson Foundation, was also asked to comment on the deficit and Obama's proposed stimulus. A "timely, targeted and temporary" stimulus is, according to Dave, the best way to shore up the economy while our deficit continues to deepen.
To read the original article, visit CNNMoney.com. http://money.cnn.com/2009/01/06/news/economy/obama_deficit/index.htm?p
ostversion=2009010708

A Bipartisan Plea for Fiscal Responsibility

On Monday, January 5, the two most prominent members of the Senate Budget Committee &ndash Sen. Kent Conrad (D-ND) and Sen. Judd Gregg (R-NH) spoke out about the need for fiscal responsibility, especially in the face of our current economic crisis.

In an impassioned editorial for the Washington Post, Conrad and Gregg called for Democrats and Republicans to unite in support for an economic recovery package, even with the short-term addition it will make to our larger deficit. The senators also called for a "bipartisan fiscal task force" to help create concrete solutions for America's long-term fiscal woes.

To read the full text of the editorial, visit the Washington Post.
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/04/AR2009
010401436.html

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Thursday, January 8, 2009 5:28 PM

JAYNEZTOWN

great post!

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Thursday, January 8, 2009 5:39 PM

GEEZER

Keep the Shiny side up

Quote:
Originally posted by out2theblack:
Obama Foresees Trillion-Dollar Deficits

From what I understand of President-elect Obama's recovery package, he plans to spend a trillion dollars that the government doesn't have while cutting taxes, so a trilion dollar deficit seems obvious.

Does anybody have a link to the Obama recovery package so I can confirm or reject this?

"Keep the Shiny side up"

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Thursday, January 8, 2009 6:19 PM

OUT2THEBLACK

Quote:
Originally posted by Geezer:
Quote:
Originally posted by out2theblack:
Obama Foresees Trillion-Dollar Deficits

From what I understand of President-elect Obama's recovery package, he plans to spend a trillion dollars that the government doesn't have while cutting taxes, so a trilion dollar deficit seems obvious.

Does anybody have a link to the Obama recovery package so I can confirm or reject this?

Seems likely BarackO himself doesn't have the Link ; he just knows there are big plans to get spendy with more of Bernanke's FedNote Monopoly 'Money'...

To 'save' the country it must first be destroyed ; that's a tenet of the Creative Destruction espoused by the globalists...

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Thursday, January 8, 2009 7:04 PM

DREAMTROVE

GEEZER

You are correct

http://www.timesonline.co.uk/tol/news/world/us_and_americas/us_electio
ns/article5303652.ece

I support this idea because I think it's a terrible one, and will cause the govt. to collapse, and I'm in favor of govt. collapse. I guess I'm throwing my lot in with Frem on the anarchy front.

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Thursday, January 8, 2009 9:23 PM

JAYNEZTOWN

We face something very serious

http://www.msnbc.msn.com/id/28278398/
Option being considered would rival efforts to fight the Great Depression

Quote:
While some economists consulted by Obama's team recommended spending of up to $1 trillion over two years, a more likely figure seems to be $850 billion. There is concern that a package that looks too large could worry financial markets, and the incoming economic team also wants to signal fiscal restraint.

The meltdown has spread to Europe, British try to prevent economic collapse
http://www.telegraph.co.uk/finance/financetopics/recession/4175063/Ban
k-of-England-cuts-interest-rates-to-lowest-in-more-than-300-years.html
Bank of England cuts interest rates to lowest in more than 300 years

Quote:

The Bank of England has cut interest rates to the lowest level in its 315-year history as it desperately attempts to prevent the UK recession deepening into a slump.

Conservative bloggers already make all kinds of accusations against Obama like saying it will waste taxpayer money into a far-left Global Warming Ponzi scheme
http://www.freedomslighthouse.com/2009/01/obama-speech-outlines-econom
ic-stimulus.html

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Friday, January 9, 2009 3:18 AM

FREMDFIRMA

The problem with that, DT, is the technical difference between chaos and anarchy.

See, chaos is what happens when that state is delivered unwillingly by force, failure or crisis upon those who do not desire it. (see: Somalia)

I'm against that, any kind of lasting and peaceful anarchy is only gonna come when people "outgrow" the perceived need of others to tell them what to do, why and when - just as we as individuals eventually grow up, leave the household and strike out on our own, as a species on a social, emotional and spiritual level, must "grow up" enough to cast aside the no longer needed crutch of government.

And we just ain't ready, some rare few of us are, but not enough, and not only does forcing the imposition of such a state unto those who don't desire it run contrary to the whole tenet and concept of anarchy, at least Kropotkinist anarchy, it's about as simple a recipe for disaster as one can possibly make.

We don't need to smash goverment, we only need to evolve, to grow up, to the point where rather than obedience, they get mockery for even the IDEA that anyone would obey someone else's arbitrary rules - and simply walk away as we cast them aside on the scrapheap of history where they damned well belong.

That is why I work towards catching folk before their minds have codified into the pattern and showing them another way, by example, creating those who will some day outnumber the bloody fools who need that kind of handholding.

It's a pretty simple concept, once you get it, and we're very well aware that once that begins the powers that be will act while they've still got enough damn fools listening to them to commit violence on their behalf, but that's just self-defense, and a whole different thing.

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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Friday, January 9, 2009 3:37 AM

JAYNEZTOWN

just %*$%* great

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Friday, January 9, 2009 3:49 AM

DREAMTROVE

Frem

anarchy is anarchy, no rule, the rule of none.

As my brother says "The only problem with anarchy is that someone would come up and set up a government."

A failed govt. is ideal. If we had actual anarchy, we'd be conquered. chaos due to a failed govt. is good, as long as it is totally disfunctional.

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