Neil A Conway

Based on the CBO’s data, I calculate a fiscal gap of $202 trillion, which is more than 15 times the official debt.

via U.S. Is Bankrupt and We Don’t Even Know: Laurence Kotlikoff – Bloomberg.

This is a very challenging read.  Even if it is right, there is little short of draconian measures and if it is wrong, there is enough truth for us all to be concerned.

Particularly disturbing is the ‘off the books’ liabilities that the Congress is using to mortgage against our future!  These bubbles don’t usually end well and there is no reason to believe that this is going to stop.

- Peace