I.O.U.S.A. – One Nation. In Debt.

Wake up, America! We’re on the brink of a financial meltdown. I.O.U.S.A. boldly examines the rapidly growing national debt and its consequences for the United States and its citizens. Burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries that are becoming impossible to honor, America must mend its spendthrift ways or face an economic disaster of epic proportions.

I.O.U.S.A. features Robert Bixby, director of the Concord Coalition, and David Walker, the former U.S. Comptroller-General, as they travel around the United States on a tour to let communities know of the potential dangers of the national debt. This is a tour carried out through the Concord Coalition, and is known as the “Fiscal Wake-Up Tour.”

In February 2008, Walker announced that he would be resigning from his post as Comptroller General to become the president and CEO of the newly established The Peter G. Peterson Foundation. His term is scheduled to end in 2013. He states that he feels he can more freely draw attention to the serious issues the U.S. is facing from this position.