An American Time Bomb 2008 11 24 (BBC 2 This World)
Name:An American Time Bomb 2008 11 24 (BBC 2 This World)
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An American Time Bomb 2008 11 24 (BBC 2This World)
Is America facing an even greater threat to its economy than the meltdown of its banking system?
David Walker, the former comptroller general at the US General Accounting Office, believes that his country is about to drown in an ocean of debt.
He is so concerned that he left his job in order to raise public awareness on the issue.
He believes this film to be the financial equivalent of former vice-president Al Gore's warning about the environment - An Inconvenient Truth.
The statistics are staggering, with the US government debt running at more than $10 trillion - much of it to China. David Walker believes it is set to rise and rise unless policy changes.
And with many people urging President-elect Barack Obama to spend his way out of recession, it may be that the underlying weakness of the American economy can only get worse.
An American Time Bomb is an updated and edited version of the 2008 Oscar nominated documentary I.O.U.S.A.
http://news.bbc.co.uk/2/hi/programmes/this_world/7745607.stm (Mini Stream)
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