I.O.U.S.A. is a documentary film released earlier this year, and nominated for the Grand Jury Prize at the 2008 Sundance Film Festival. The film focuses on the shape and impact of the United States national debt and features Robert Bixby, director of the Concord Coalition, and David Walker, the current U.S. Comptroller-General, as they travel around the United States on their Fiscal Wake-up Tour to let communities know of the potential dangers of the US national debt.

The movie includes interviews with heavweights such as former Fed chairman Paul Volker (who is tipped to be Obama’s treasury secretary), former Treasury Department secretary Paul O’Neill, billionaire Warren Buffett, congressman Ron Paul and others on both sides of the fence who all agree: Don’t buy what you can’t pay for. This goes some way to enlivening a topic that even Bixby himself admits is a decidedly unsexy topic, the “cold shower of political issues,” as he puts it.

Currently touring selected theaters in the States, there is no word yet on whether it will get a limited release worldwide. If it isn’t showing in your local arthouse cinema then it will probably be available to watch on the internets in due course. I’ll keep you posted.