Read more: http://www.theglobeandmail.com/report-o ... le1773879/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 â€" 840 per cent of current GDP. â€œLetâ€™s get real,â€ Prof. Kotlikoff says. â€œThe U.S. is bankrupt.â€...
â€œAmericaâ€™s fiscal gap is enormous â€" so massive that closing it appears impossible without immediate and radical reforms to its health care, tax and Social Security systems â€" as well as military and other discretionary spending cuts.â€...
By this measure, the United States is in worse shape than Greece.
No way! If this is true, we are in worse shape than we thought. anic: :scared: :hide: :faint: