"You've heard that the US has about $14.5 trillion in national debt, but this week Laurence Kotlikof, an economist and former Reagan advisor, said the US is really $211 TRILLION in debt.
His reasoning: Through entitlements that's how much we've promised to pay out, and therefore that's the real fiscal problem that needs fixing..."
at http://www.businessinsider.com/the-myth-that-the-us-is-211-trillion-in-debt-2011-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1X0i6KrVo
His reasoning: Through entitlements that's how much we've promised to pay out, and therefore that's the real fiscal problem that needs fixing..."
at http://www.businessinsider.com/the-myth-that-the-us-is-211-trillion-in-debt-2011-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1X0i6KrVo
