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New movie: I.O.U.S.A

The movie is part of a $1 billion Pete Peterson project to get the word out about deficit spending.

A response from an economics professor/blogger: At some point we do have to face budget realities, and if we are going to deal with this problem, which is mainly a problem with rising health care costs (and that will be a problem whether it’s paid for publicly or privately), I’d rather have it happen with a Democrats in charge. That way, the process is less likely to result in large cuts to necessary social programs (and we’d be more likely to get universal health care, something that could also help with the health care cost problem).

I haven’t seen the movie, so I don’t know for sure how the problem is presented, but the little bits shown above lead me to worry that this will create unnecessary fear about the budget in areas where such fear is unwarranted (e.g. Social Security, a place Peterson has focused in the past). The problem is that this can lead to solutions that satisfy ideological or political goals, but don’t deal with the major problem. In any case, it looks like the budget hawks are about to become more vocal and aggressive.

2 Responses to “New movie: I.O.U.S.A”

  1. My book, EQUAL HEALTH CARE FOR ALL, explains in a clear, readable text exactly how to stop the inexorable, large, yearly increases in health care spending while providing clear and equal access to sound, ongoing doctor—patient relationships (clear and equal access to vital, comprehensive health care) to everyone living in America.

    R. Garth Kirkwood MD
    http://www.equalhealthcareforall.com
    doctork@equalhealthcareforall.com

  2. captain_menace says:

    Pure hooey!

    Tell ‘em bb!

    There is no national debt.

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