The $205-trillion deficit

November 18, 2013 by History in a Hurry

Kotlikoff on Unfunded Federal Liabilities, 2013: $205 Trillion

Gary North – November 15, 2013

The nonpartisan Congressional Budget Office is acting in a bipartisan way to cover up the biggest single threat to the bipartisan political alliance that is stripping America of its wealth: the United States Congress.

There is no question that the following policy is bipartisan. Democrats and Republicans in Congress are completely agreed that the following information should not get out to the American people, namely, that the present value of the United States government’s off-budget liabilities is over $200 trillion.

The man who has followed this for the longest time is Prof. Lawrence Kotlikoff of Boston University. He has created a great deal of embarrassment for the government by his relentless pursuit of the statistical implications of the statistics released by the Congressional Budget Office.

Continue reading:

http://www.garynorth.com/public/11776.cfm

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