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Friday, October 29, 2010

The scary actual U.S. government debt - The Globe and Mail

The scary actual U.S. government debt - The Globe and Mail: "Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”"

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