America is on the brink of a financial meltdown. I.O.U.S.A. boldly examines the rapidly growing national debt and its consequences for the United States and its citizens. As the Baby Boomer generation prepares to retire, will there even be any Social Security benefits left to collect? Burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries that are becoming impossible to honor, America must mend its spendthrift ways or face an economic disaster of epic proportions.
In this age of spending beyond our limits as Americans on an idividual basis, this intriguing and sometimes alarming documentary follows David Walker, a former U.S. Comptroller General as he launches his own tour of knowledge across the U.S. hoping to educate people about a problem that makes balancing a checkbook look like a cake walk. The national deficit of the United States is in the trillions and the mounting debt threatens not only our internal way of life, but our external relationships with the rest of the world financially and politically, with far reaching and possibly disastrous consequences.