12/22/2008 05:12 am ET Updated May 25, 2011

National Debt Documentary Makes Oscar Shortlist

I.O.U.S.A., the critically acclaimed film about the rapidly growing national debt and its consequences for the United States economy, is on the short list for an Oscar nomination in the Best Documentary Feature category. The film, directed by Sundance veteran Patrick Creadon (Wordplay), is among the 15 documentary features that will now advance in the voting process designating the final five nominees for next year's Academy Awards.

I.O.U.S.A. has garnered rave reviews from critics since its premiere at the Sundance Film Festival. Roger Ebert of The Chicago Sun-Times gave the film three and a half stars and it has been dubbed An Inconvenient Truth for the United States economy by the many in the press.

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