Tuesday, July 28, 2009

IOUSA or Being a Grasshopper, Not An Ant

Summer is hardly the right time to be offering up video suggestions but here's another doozy. IOUSA is a 2008 documentary that offers a very sobering look at yet another massive and darkening cloud on the horizon, the US national debt and government commitments to INCREASING spending significantly, the $50 Trillion kind of significantly. The numbers are so huge as to be barely fathomable...and they're growing...fast.

As a Canadian, I am worried about this for two reasons. First of all, as much as I feel this situation is a bit deserved due to lack of public responsibility, I wouldn't wish what is coming on anyone (except perhaps for a few of the central drivers of this situation). Second, when the US cannot borrow any more money to buy food or water or energy, Canada is likely to be consumed, or ripped apart in the dogfight between the US and China. It just doesn't look good for we Canucks, beyond perhaps a couple of relatively easy years of resource profit.

I know I have oversimplified these reasons for concern (as well as ignoring Canada's own not-insignificant national debt situation), but hopefully my point comes across anyway.

May we wake up to the necessity for balance before it is too late.

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