One set of reasons Obama's warning us it won't be easy...

I haven't seen this movie I.O.U.S.A. but I'm going to - Peterson has been a voice of alarm - with good reason - for a long time, this is really important - and scary - stuff.

"Unfortunately, even as the federal government bails out Wall Street, the government's own finances are heading south. And $700 billion is a drop in the bucket compared to the $53 trillion in financial obligations that the government currently owes.

"Which is why, on this Halloween, we're bringing you a light-hearted horror movie - our acclaimed documentary I.O.U.S.A., which boldly and at times comically examines the nation's rapidly growing debt and its consequences. The film has been a huge hit, getting rave reviews from Roger Ebert and others.

"Today, we're pleased to release "I.O.U.S.A.: Byte-Sized" online. This is a 30-minute condensed version designed specifically for watching and sharing on the web - for free as a public service for all.

"Visit www.IOUSAtheMovie.com to check it out (we've even made it stream so you can start watching right away without having to download a file).
We're also pleased to announce another round of theater showings for the full-length film. Visit www.IOUSAtheMovie.com to see if the film is playing at a theater near you.

"We're not asking you to donate anything. We're not asking you to pay anything - you don't even need to buy popcorn. All we're asking is that you visit www.IOUSAtheMovie.com to find a showing at a nearby theater or check out the byte-sized version.

"Then, tell your friends, your family, your Facebook friends and your Twitter followers about the staggering amount of money - $53 trillion - in financial obligations owed by the federal government to foreign investors and to every single American in the form of pensions, health benefits, Social Security and Medicare.
For our children and grandchildren. For ourselves. Watch I.O.U.S.A.: Byte-Sized and join us in our Fiscal Wake-Up Movement. Together, we can make American fiscal responsibility a reality.