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I.O.U.S.A.: One Nation. Under Stress. In Debt. | 
| Authors: Addison Wiggin, Kate Incontrera
Creator: David Walker
Publisher: Wiley
Category: Book
List Price: $19.95
Buy New: $10.49
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Rating:  22 reviews
Sales Rank: 8633
Media: Paperback
Pages: 288
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 5.9 x 0.9
ISBN: 0470222778
Dewey Decimal Number: 330.973
EAN: 9780470222775
ASIN: 0470222778
Publication Date: September 29, 2008
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Product Description
The United States has been spending its way deeper and deeper into the red, and saddling future generations with the mess—but who's paying attention?
To answer that question, the companion book to the critically acclaimed documentary I.O.U.S.A. talks with some of the most revered voices in the nation, including Warren Buffett; former Treasury Secretaries Paul O’Neill and Robert Rubin; Pete Peterson, CEO of The Blackstone Group; Congressman Ron Paul (R-Texas); and bestselling Empire of Debt author Bill Bonner.
Armed with these interviews, historical references, and damning statistics, the book takes a lively and entertaining romp through the four deficits the nation faces: the budget deficit, the personal savings deficit, the trade deficit—and what former U.S. Comptroller General David Walker, who resigned abruptly in 2008 over Congress’s lack of action, calls the “leadership deficit” in Washington.
Defiantly non-partisan, the empowering solutions outlined in these pages are a must-read for any American who wants to help change “business-as-usual” in Washington as a new administration heads towards the Oval Office. “We the People” can get our politicians to stop spending, promote responsible economic programs, and hand our children and grandchildren the secure future they deserve.
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| Customer Reviews: Read 17 more reviews...
 You have to understand the problem before you can fix it November 11, 2008
Mason Barnes (Chicago)
17 out of 18 found this review helpful
I.O.U.S.A. is the follow-on to Wiggin's best-selling Empire of Debt. It focuses a lot on the stories of people in the previous book who are tasked with making decisions regarding the four deficits our country faces: trade deficit, savings deficit, federal deficit, and the aptly-named leadership deficit. To give you a feel for some of the folks he talked to for the book, it's the likes of: Warren Buffet, Robert Rubin, Alice Rivlin, Pete Peterson, David Walker, Paul O'Neill, James Areddy, and Bill Bonner.
With America's federal debt at $8.6 trillion and growing, it's important to understand how this will impact the countries future, including entitlement programs we've grown to rely on, like Social Security and Medicare. The book isn't perfect, but it looks at a topic that every American will benefit from increasing his or her familiarity with.
Another book I recommend strongly because it is superb and has helped me immensely in keeping my own, errr, "deficits" under control is The Emotional Intelligence Quick Book.
Great intro to the debt crisis October 12, 2008
Adam Sharp
9 out of 15 found this review helpful
Enlightening. I bought the book after seeing the movie. Both helped me understand parts of the debt crisis that I didn't fully get before. Some of the dangers it warns against seem to be unfolding now.
I've developed a far more skeptical attitude towards the stock market recently, largely because of IOUSA. This skepticism has helped me dodge some of the recent equity losses. I realize this is extremely short-term, but at least I'm aware of the arguments opposing Wall St's continual bull-pumping. The traditional mentality of "don't sell now, it's the best time to buy" is incredibly ingrained in our society. People forget that on occasion there are extended periods of time that are really really bad to invest in equity markets.
This book (and the movie it's based on) helped me realize these things.
It's About Your Children's Future November 12, 2008
Matthew N. Gordon (Long Beach, CA)
0 out of 1 found this review helpful
If you're concerned about your children's future and you want to understand how America's debt problem will affect their ability to live in a world of opportunity and prosperity, you must read I.O.U.S.A. immediately. Inside you will travel a straight forward and very readable journey through the four major deficits that are poised to bankrupt the United States and cripple your children's future. If you've ever been unclear on how the annual deficit relates to the federal debt, or how the personal savings deficit relates to the trade deficit, you will find clear answers backed by fascinating historical accounts and an array of interviews with the top economic thinkers of our time. While this is a companion book to the movie documentary, it is very much a stand alone work and a complete read in and of itself. Of particular importance to your children's future is what the book calls the leadership deficit in Washington. This section hits at the heart of why no one in government is doing anything about this and why the current culture in Washington perpetuates the debt problem into the future. All in all an admirable and entertaining work of what many would consider a dull topic. I highly recommend it.
Knowing is half the 10 billion dollar battle November 18, 2008
A. Liebert
0 out of 1 found this review helpful
After seeing the film; this book was soon in my shopping cart. There too few books that do not preach, try to sway your vote, or lay blame on one particular person. It tells Americans what has happened to our economy, and what will continue happening if we don't do something about it. And yes, its scary. But guess what- so is the future at the spending rate we are going. Coming from a generation of indulgence and gross self- entitlement, the few bad reviews about this book are being typed on iPhones. This book (and film) is not for the cynic. It's for people like me that want to leave a mark in the world; just not one that cost 10 billion dollars.
Three Cheers for I.O.U.S.A. November 18, 2008
Calvin Bowman (Washington, DC)
0 out of 1 found this review helpful
The construction of the book meshes well with its organization and lends itself successfully to the study of our national deficit throughout our history. Packed with figures and facts related to the federal budget, the stock market, the GDP, Social Security, et al., I.O.U.S.A is a refreshing look at the state of affairs in our county, and moreover, how it relates to the rest of the world market.
A very good read for accountants and novices alike, I.O.U.S.A. will make you take a step back and analyze not only our country's spending, but our own personal spending habits as well.
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