AMERICAN TIME BOMB 2008

RLSDATE...........................: 24/11/2008
AIRDATE...........................: 24/11/2008
GENRE.............................: Documentary
LANGUAGE..........................: English
SOURCE............................: DVB-T
FORMAT............................: XViD 2 pass
AUDIO.............................: 128 VBR MP3
VIDEO.............................: 640x352 @ 25fps
SIZE..............................: 50x15mb

Financial expert David Walker explains why he believes
US national debt — said to stand at $10trillion — poses
a greater threat to the world economy than the banking
crisis. Having resigned from his position as Comptroller
General of the United States to highlight the problem,
he argues that it is a structural weakness of the American
economy — and likely to get worse

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.