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US Bankruptcy

letsgetitdone's picture

Kotlikoff's Folly and the IMF's Too

Thread: 

Laurence Kotlikoff has been making waves by using "inter-generational accounting" and CBO and IMF data, to compute a fiscal gap of $202 Trillion in present value. He concludes that this gap shows that the US is "bankrupt" as of now. Evidently, publications like Bloomberg take this sort of thing seriously since they publish it. Read below the fold...

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