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The US National Debts

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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