Federal Reserve: U.S. headed for bankruptcy
Report: Coming $65.9 trillion fiscal gap
5 times GDP, twice size of national wealth
Posted: July 16, 2006
1:00 a.m. Eastern
© 2006 WorldNetDaily.com
A newly published paper by a researcher for the Federal Reserve Bank of St. Louis warns that a ballooning budget deficit and pension and welfare timebomb is growing into a $65.9 trillion fiscal gap that will force the United States into bankruptcy.
In the view of Prof. Laurence Kotlikoff of Boston University, the U.S. is already bankrupt – at least the government is.
Click here for more
Report: Coming $65.9 trillion fiscal gap
5 times GDP, twice size of national wealth
Posted: July 16, 2006
1:00 a.m. Eastern
© 2006 WorldNetDaily.com
A newly published paper by a researcher for the Federal Reserve Bank of St. Louis warns that a ballooning budget deficit and pension and welfare timebomb is growing into a $65.9 trillion fiscal gap that will force the United States into bankruptcy.
In the view of Prof. Laurence Kotlikoff of Boston University, the U.S. is already bankrupt – at least the government is.
Click here for more
by The Freedom Fellowship | 8:42 PM
5 Comments:
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