Wednesday, August 31, 2011

Get your Goodies while you can

Economist Calls Entitlements A Massive Ponzi Scheme And Says US Is Actually $211 Trillion In Debt
If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap...
Former Reagan economic adviser Laurence Kotlikoff

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