Below is an interview with Pete Peterson, Senior Chairman and Co-Founder of the Blackstone Group, that reveals some shocking truths about the current state of the economy.

About I.O.U.S.A.: I.O.U.S.A.  is a one night event at movie theaters on August 21st, and is brought to you by the producers of SUPERSIZE ME. This event uncovers the source of significant economic concerns in America. Following the show, see a LIVE PANEL DISCUSSION with Warren Buffett, Pete Peterson & Dave Walker as they address the country’s economic future and solutions for how we can help America evolve into a more fiscally sound nation for generations to come.