A few months ago, I wrote about the movie “I.O.U.S.A.” and the United States’ enormous national debt. That was before the government rescued AIG for $85 billion and before the $700 billion government bailout plan passed Congress, part of which is being used to inject $250 billion into banks in exchange for equity. After seeing “I.O.U.S.A.,” which focuses on the national and personal debt in the U.S., I was worried, to say the least. When I wrote about the U.S. debt after seeing the movie on August 21, it was at a whopping $9,618,734,657,724.09, according to the Treasury Department,...
