We’ve received at least a dozen e-mails from Australian Daily Reckoning readers about the film I.O.U.S.A. since mentioning it in yesterday’s DR. I.O.U.S.A. was co-authored by Daily Reckoning editorial director & publisher Addison Wiggin and inspired by Empire of Debt, the New York Times best selling book co-authored with Daily Reckoning founder, Bill Bonner. The film premieres on January 19, 2008 at the Sundance Film Festival. We’ll keep you updated on how it goes.
Learn more about the film on the official I.O.U.S.A. site from Addison’s team back in Baltimore.
Addison wrote in yesterday’s 5 Minute Forecast:
“I.O.U.S.A.,” says a LA Times article covering the Sundance Film Festival, “as it cautions us about the problems we are getting into with a national debt as big as the Ritz, might be the most unexpectedly frightening movie in the festival.”
We’re heading out this afternoon. After a rather circuitous route through New Hampshire, we’re arriving in Park City, Utah, tomorrow night. The festival begins on Friday.
Surprised as we are about it, we’re kind of anxious about the whole thing. There are supposed to be 50,000 attendees at the festival this year. Check it out: Small Town, Large Impact:
According to The Wall Street Journal over the weekend, the writers strike in Hollywood could actually be working in our favor. A year from now, there will be very few completed movies on the market. That makes the completed ones in this festival all the more attractive to prospective distribution companies. Of course, they still have to like the movie. That part remains to be seen. Heh.
A video on the Sundance website with I.O.U.S.A. director Patrick Creadon.
And here is the official press release.
BALTIMORE, Dec. 21 /PRNewswire/ — On December 17, the Bush administration acknowledged that the U.S. government has promised $45 trillion more in entitlements than it can afford.
Add these latest numbers from the “Financial Report of the U.S. Government” to other government commitments, including our national debt and social insurance programs, and the nation is looking at $62 trillion in debt.
Comptroller General David Walker spoke before the National Press Club on December 17, 2007, following the president’s acknowledgement that debt and deficits do matter. Walker mentions the film I.O.U.S.A., saying, “There have been numerous Op-Eds, editorials and articles in newspapers and periodicals across the country. I appreciate the important role the press has played, and continues to play, in getting the truth out, but more needs to be done.”
“Importantly, a commercial documentary based on my four national deficits message — namely our budget, savings, balance of payments and leadership deficits — is nearing completion. The film features Bob Bixby of [the Concord Coalition], myself and others. The tentative title is I.O.U.S.A., and the documentary is set for general release next spring — in time for the 2008 general election campaign. I.O.U.S.A. was one of 16 out of over 900 films accepted for the 2008 Sundance Film Festival. Who knows, maybe the documentary will be nominated for an Oscar … ”
Walker recognized the media’s efforts in getting the message out — I.O.U.S.A. will help accomplish that.
Agora Entertainment’s I.O.U.S.A. documentary film has been accepted into the Sundance Film Festival. The World Premiere will be on January 19, 2008, in Park City, Utah.
The highly anticipated I.O.U.S.A. is inspired by The New York Times best- selling book Empire of Debt, co-authored by William Bonner and Addison Wiggin. They have been covering the national debt story for several years.
The film is directed by Patrick Creadon who also directed WordPlay, the fascinating expose of The New York Times crossword puzzle tournament in Stamford, Connecticut.
I.O.U.S.A. features interviews with a stunning selection of financial experts — including legendary investor Warren Buffett , Paul Volcker, Ron Paul, Robert Rubin, Paul O’Neill, Arthur Laffer and U.S. Comptroller General David Walker.
Few are aware that America may be on the brink of a financial meltdown. I.O.U.S.A. exposes the country’s shocking current fiscal condition and ways to avoid a national economic disaster.
Sundance is one of the most prestigious annual events within the international film industry. There is speculation that Agora Entertainment’s I.O.U.S.A. could earn an Oscar nomination.
To attend the World Premiere of I.O.U.S.A., visit the official Sundance site for schedule information: http://www.sundance.org/festival/
SOURCE Agora Entertainment
The Daily Reckoning Australia