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IPFS News Link • Economy - Economics USA

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

• 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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Comment by Trouser Chili
Entered on:
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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