This article was co-authored by Stephen K. Bannon.
This week, the non-partisan Congressional Budget Office released a report on President Obama’s 2011 budget that ought to shock every single American. According to the CBO, the federal government’s debt, which was $56,000 per-household at the beginning of President Obama’s tenure one year ago, has risen to $72,000 per-household today, and is expected to skyrocket to $170,000 per-household by 2020. Should the CBO’s estimates prove accurate, the federal debt would represent 90% of the Gross Domestic Product of the United States in less than 10 years.
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For some incomprehensible reason, Washington politicians have their heads planted firmly in the sand and refuse to acknowledge the looming disaster. Instead of addressing the problem, last week, with Speaker Rep. Nancy Pelosi (D-CA) and Senate Majority Leader Sen. Harry Reid (D-NV) looking on approvingly, President Obama signed a nearly $1 trillion health care bill into law. We’ve gotten to a point that 65% of Americans believe that the federal debt is the greatest threat to America’s future.
But we did not accumulate a $12 trillion dollar debt overnight. This is not a problem that can be laid solely at the Obama Administration’s feet, nor is it entirely the fault of the free spending Congress led by Speaker Pelosi and Majority Leader Reid. America’s problems go far deeper than the policies of one administration – they are a result of a systemic rot that has eaten away at the financial foundation of our economy for decades. It is the class of elite incumbents – politicians, bankers, and academics alike – that were reared in the self-indulgent 1960’s and who came to power in the 1990’s that have led us to the brink.
The elite’s refusal to acknowledge the depths of the crisis that we find ourselves in is the subject of a groundbreaking new documentary from Citizens United Productions, Generation Zero, which will have its Los Angeles premiere on Thursday night at the Warner Brothers Theater.
Unlike Washington politicians, Generation Zero faces the economic crisis head-on and exposes the cultural roots of the global financial meltdown, beginning with the narcissism of the 1960’s that spread like a virus through the self-indulgent 1990’s and finally exploded across the world in the present economic cataclysm.
This is not a film designed to please the chattering class – indeed, they are part of the larger problem that brought the global financial system to the edge of apocalypse. The intelligentsia would have us believe that this crisis was brought on by rampant and unregulated capitalism. They want to point the finger, pass a law, and move on, preserving the status quo but ignoring the out-of-control spending and mountainous deficits that are hanging over our heads. Generation Zero dispels that myth and shows the audience how a generation of incumbent politicians, bankers, and globalists corrupted the system for their own hubristic ends.
Generation Zero is a film the everyday American. The family who was just getting by until the economy collapsed and their jobs disappeared. The couple looking forward to retirement who saw their 401(k) evaporate overnight through no fault of their own. The college graduate saddled with tens of thousands of dollars in debt and no means to pay it back because there are no jobs. These people want to know what the hell happened to them while they were hard at work, just trying to live their lives. Generation Zero gives these people the answer they seek, and that’s why Governor Sarah Palin tweeted that Generation Zero “captures [the] essence of the T-party movement,” and James Pinkerton called it “the most important movie of the year.”
Featured for a full hour on FOXNews’ “Hannity” and screened for capacity crowds at the National Tea Party Convention, Conservative Political Action Conference, and at premieres in Washington, DC and New York City, “Generation Zero” touches a raw nerve with the millions Americans across the country who are fed up with the debt, deficits, irresponsibility of the Washington and Wall Street elite. This film is exploding across the grassroots because it slashes through the talking-head soundbites and gets to the root cause of this catastrophe.
With commentary from more than 40-leading experts, authors and pundits from across the political spectrum, including Dr. Charles Krauthammer, Lou Dobbs, Larry Kudlow, Shelby Steele, Victor Davis Hanson, Amity Shales, Dick Morris, Peter Schweizer, Tobin Smith, Heather McDonald, Myron Magnet, Daniel J. Mitchell, John Fund, Dr. Arthur Brooks, Michael Barone, Michael Novak, Thaddeus G, McCotter, Stephen Moore and Newt Gingrich, “Generation Zero” exposes the little told story of how the mindset of the baby boomers sowed the seeds of economic disaster that will be reaped by coming generations.