The scary actual U.S. government debt

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Article by Neil Reynolds in the Globe and Mail. “Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. ‘Let’s get real,’ Prof. Kotlikoff says. ‘The U.S. is bankrupt.'” Read article

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