Dean Baker on IOUSA

Which I haven’t seen. Follow the review link for a readable lesson in political economics.

Response to IOUSA

In case you’ve missed the hype, IOUSA is a documentary making the case that the U.S. budget is hopelessly out of control and that our current spending patterns will bankrupt our children. The film features such noteworthy characters as Alan “Bubbles” Greenspan, Robert “Don’t Regulate Credit Default Swaps” Rubin, and former presidential candidate Ron Paul.

This film should be viewed as part of a larger effort to dismantle Social Security and Medicare, the country’s core safety net programs. The reality is that our budget is essentially fine, it is our health care system that is out of control. But fixing health care would require going after the drug companies, the insurance companies, and highly paid medical specialists. But those folks are all powerful, so the IOUSA crew went after old people instead.

You can get CEPR’s movie review here.

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