$205 TRILLION: The REAL Fiscal Gap — Laurence Kotlikoff

Monday, January 27, 2014
By Paul Martin

Investmentwatchblog.com
January 27th, 2014

from SGT Report.com:

Laurence Kotlikoff Author and Professor of Economics at Boston University joins us to discuss the REAL DEBT of the U.S. government which is now $205 TRILLION when unfunded liabilities are actually counted.

Kotlikoff warns, “We have a country that is entirely broke, fiscally broke – it’s probably in worse shape than any developed country. We are in terrible shape, even worse than Detroit because the people doing the accounting are engaged in fallacious accounting…”

To my great surprise, Kotlikoff also believes that fixing “climate change” ought to be a top priority and somehow believes that a global carbon tax is the answer. Seriously. We debate it.

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