I.O.U.S.A.: One Nation. Under Stress. In Debt.
by By Wiggin, Addison and Incontrarera, Kate
Category: Business & Economics , Economic Conditions

The authors (the publisher and managing and editor of The Daily Reckoning, a financial newsletter associated with the investment research firm, Agora Financial) present a companion volume to the eponymous documentary. It first sets out the documentary's basic message concerning the dangers of American debt, addressing the budget deficit, the savings deficit, the trade deficit, and the lack of leadership we have for addressing the problem (the "leadership deficit"). It then provides transcripts of interviews (not found in the film) with Alice Rivlin, the first director of the Congressional Budget Office; economist William Bonner; Chairman of Citigroup and Barack Obama economic advisor Robert Rubin; House Representatives Pete Peterson and Ron Paul; former Chairman of the Federal Reserve Paul Volcker; investor Warren Buffett; Wall Street Journal reporter James Areddy; former Secretary of the Treasury Paul O'Neill; conservative economist Arthur Laffer; and editor-in-chief of Forbes magazine, Steve Forbes. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)