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IPFS News Link • Economy - Economics USA

Federal Reserve St. Louis: "The US is Bankrupt?"

1-21-2007 • Newstarget

In a remarkable paper posted by the Federal Reserve of St. Louis, authored by a Boston Univ. Prof Kotlikoff, it is revealed in blunt, powerful language that the era of borrowing and spending without consequence may soon come to a close.

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Reported By Powell Gammill

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1 Comments in Response to Federal Reserve St. Louis: "The US is Bankrupt?"

Comment by Trouser Chili

Entered on: 1/22/2008 12:25:56 PM

The author of this paper, Laurence Kotlikoff, was one of the first people to expose the fact that the US Government had 10s of trillions more in obligations through SS and Medicare than they were reporting.

You can find a radio interview about that here:
http://www.financialsense.com/Experts/2004/Kotlikoff.html

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