“The Fiscal Cliff” vs. “The Fiscal Gap” — How much trouble is the US really in?

CBC’s “The Current” played an interview today with Laurence Kotlikoff, an economist at Boston University who ran for President in the past 2012 election with Americans Elect (but who canceled the campaign in the spring). He explains the real extent of the American deficit and debt and the drastic measures needed to keep the US from dropping into insolvency and suffering the same fate as Greece.

Listen to the interview starting at 03:00 at the following address: www.cbc.ca/thecurrent/episode/2012/12/07/laurence-kotlikoff-is-the-united-states-broke/

Another interview is at: finance.yahoo.com/blogs/daily-ticker/u-totally-broke-federal-govt-fiscal-gap-222-135416602.html

Find his website at: www.kotlikoff.net/

Very interesting stuff. I would be glad to have your views on the topic.

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http://angelqueen.org/2012/12/08/the-fiscal-cliff-vs-the-fiscal-gap-how-much-trouble-is-the-us-really-in/
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