I.O.U.S.A viewing this weekend on CNN


CNN to Broadcast I.O.U.S.A. | Obama Foresees Trillion-Dollar
Deficits |
A Bipartisan Plea for Fiscal Responsibility | The Government We

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 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.

A Bipartisan Plea for Fiscal Responsibility

On Monday, January 5, the two most prominent members of the Senate
Budget Committee – 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

The Government We Deserve by Gene Steuerle

“Investment” and Obama’s First Budget

President-elect Obama’s chief in-house economic advisor Larry
Summers suggests in a recent Washington Post piece that the new
Administration will put a lot of effort into addressing long-term
growth challenges, not just short-term policies that generate
consumer spending. How? Through “investments.” To make sure we get
the point, Summers uses that word or some variation 12 times.

But the first Obama budget will not be oriented toward investment.
Just as with recent administrations, the words will stress
“investment” but the numbers will emphasize “consumption” – not
only in the short-term but, more dangerously, in the long-term. In
fairness, this is the budget the new administration inherits. They
gain control of the wheel of a battleship sailing full-steam ahead
toward the icebergs. But by using terms like “down payment” to
describe new proposals, Summers hints that no major course
correction will be sought.



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Reader Interactions


  1. Gotta love the freedom to own guns!!! This isn’t tatloly the Land of the Free but it’s got its advantages. It’s just a shame too many people screw up advantages like by blowing people away with guns. If anyone’s anti-gun they also ought to be anti-baseball bat ’cause those kill people, too. So do cars. And box cutters… if anyone’s anti-gun they sure as heck ought to be anti-car ’cause that can be used as a weapon and ought to also be anti-box cutter ’cause even worse than using a car to murder someone a box cutter can be used to help turn a jetliner into a missile.yes, yes, we surely ought to ban cars and baseball bats and box cutters in this America, just as guns ought to be banned. they can all be used as a weapon to kill from one person to almost 3,000. Let’s take away our freedom to own shoes with shoelaces which can be used to strangle a person. I am hereby calling on all Senators to see this through. In fact, why don’t we all lock ourselves up in our own personal jails with no physical interaction at all because afterall, one’s hands can be used as a deadly weapon, too.


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