U.S. Is Bankrupt and We Don’t Even Know It: Laurence Kotlikoff – Bloomberg.com

Laurence Kotlikoff writes an interesting commentary on Bloomberg.com today. Not a pretty picture. Here’s a small sample, “This is what happens when you run a massive Ponzi scheme for six decades straight, taking ever larger resources from the young and giving them to the old while promising the young their eventual turn at passing the generational buck.”

Click here to read the entire article.

August 20, 2010 In: Financial Articles, Uncategorized Comments (None)