Monday, February 15, 2010

Money Matters: The National Debt

It's a number that could keep you up at night: $12 trillion.  The national debt has increased by $3.9 billion per day since September of 2007.  And your individual share of it is now nearly $40,000.  Some KELOLAND college students are wondering how it's going to affect their future.

It's a disaster movie, but this is about seeing red in the federal budget. "I.O.U.S.A." is making the rounds on college campuses, hoping to help students understand the long term consequences of the national debt.

"Many student and many citizens don't realize the dire financial situation the U.S. may find itself in, in a few years," Professor Robert Wright said.

The film had a powerful impact on its viewers.

"I knew it was a really large issue we were facing, but after watching the movie, it dramatically changed my outlook on it. I realized how big a problem it is, seems impossible to get out of how everything is going now," student Cami Koehn said.

But the professor who brought the movie to Sioux Falls doesn't want it leaving the students hopeless. He wants them to help reverse the trend.

"They can by being politically active and vote for candidates who promise to tighten our nation's ship," Wright said.

"We're coming to the end of college and we're going to be in the real world and have to face the debt and everything going on. We have to take the initiative to change that," student Nick Andreas said.

"It's not something to go home and not sleep at night. It's not a horror film it. It's a prequel to a horror film, warning or foretelling of dire situations in the future," Wright said

Even since the documentary first came out, the national debt has grown by $4 trillion. You can watch the 30-minute version of  "I.O.U.S.A." online.

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