Professor Laurence Kotlikoff : $205 TRILLION – The Real Fiscal Gap!

[youtube=https://www.youtube.com/watch?v=geLPi3pJBeo]

• Published on Jan 26, 2014           
  Laurence Kotlikoff Author and Professor of Economics at Boston University joins us to discuss the REAL DEBT of the U.S. government which is now $205 TRILLION when unfunded liabilities are actually counted. 
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  Kotlikoff warns, “We have a country that is entirely broke, fiscally broke – it’s probably in worse shape than any developed country. We are in terrible shape, even worse than Detroit because the people doing the accounting are engaged in fallacious accounting…” 
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  To my great surprise, Kotlikoff also believes that fixing “climate change” ought to be a top priority and somehow believes that a global carbon tax is the answer.  Seriously.  We debate it.
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  Larry’s site: http://www.kotlikoff.net/ 

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