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. But […]
Kotlikoff’s Folly and the IMF’s Too
August 14th, 2010 · Comments Off on Kotlikoff’s Folly and the IMF’s Too
Tags: Politics
Face It! The PO Ain’t Coming Back!
August 14th, 2010 · Comments Off on Face It! The PO Ain’t Coming Back!
This is a reply I wrote to Bryce Covert, MJ, and Richard Kirsch, formerly of HCAN, at the New Deal 2.0 (ND20) site. MJ expressed the view that both the private sector and Government are corrupt these days and that neither can be trusted. I agree with MJ about corruption in Government these days, but […]
Tags: Politics