10 December 2008
Introduction
The US Congress has just approved the bills to bailout the Wall street's Banking sector, then AIG, the insurance sector and now the 3 big autos in the automobile industry. These bailouts were estimated to be more than US$ 1 Trillion. One might ask, where does the US Government get all these money from?
The US National Debt
The U.S. National Debt is now well over $10 trillion. This is nearly double the debt in 2000, which was $6 trillion, and $1.3 trillion more than 2 year ago, when the debt was $8.7 trillion.
What's happened in the US? How can the US accumulated such debts? Who have caused all these debts?
The I.O.U.S.A Documentary Film
A documentary film called the I.O.U.S.A, tried to explain all about these US National debts in its 30-minute video shown attached.
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