Breakthrough Debt Documentary to Debut at Sundance; Highlights $62 Trillion U.S. Liability

Breakthrough Debt Documentary to Debut at Sundance; Highlights $62 Trillion U.S. Liability

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."

Walker continued:

"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/

First Call Analyst:
FCMN Contact:

Source: Agora Entertainment

CONTACT: Christine Doane of Agora Entertainment, +1-410-783-8473

Web site:

http://www.sundance.org/festival

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