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.”
In an e-mail to me on Monday Kotlikoff wanted to clarify: “And it’s not broke in 50 years, or 30 years, or 10 years. It’s broke today. It’s in worse fiscal shape than any developed country and its accounting would make Enron and Madoff blush.”
To my great surprise, Kotlikoff also believes that fixing “climate change” ought to be a top priority and he somehow believes that a global carbon tax offers a viable way to “fix” it. Seriously. We debate it.