Thursday, October 28, 2010

"Scarier than Stephen King."

A tip of the boonie to Irregular Chris for this link.

Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”

2 comments:

Anonymous said...

Hmmmm....

The American media and many politicians are lying to us and lies are told to protect the guilty from the consequences of their actions... The consequences will be great indeed because they don't control as much as they would like and if they try it, well, we'll know they did it and why.

Then the ball will be in our court. Nothing they have done would have been possible without the able and willing assistance of the media. Above all others, they bear the greatest responsibility and greatest animus deservedly should fall upon their heads.

rexxhead said...

Help me out here...

Is this maroon thinking he's going to replace Walter Cronkite with 'News Flashes' like this?