Economics professor Laurence J. Kotlikoff, who served as a senior economist on President Reagan’s Council of Economic Advisers, says the national debt, which the U.S. Treasury has accounted at about $14 trillion, is just the tip of the iceberg. “We have all these unofficial debts that are massive compared to the official debt,” Kotlikoff tells […]
Posts Tagged ‘Baby Boomers’
A National Debt of $211 Trillion!
August 9, 2011
Posted in U.S. Economy, U.S. Government |
Tags: american, Baby Boomers, Economics, federal debt, Laurence J. Kotlikoff, Medicaid, Medicare, national debt, Social Security, tax increases, U.S., United States
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Social Security Myths
December 21, 2010As researched and presented by MoveOn.org: Myth 1: Social Security is going broke. Reality: There is no Social Security crisis. By 2023, Social Security will have a $4.3 trillion surplus (yes, trillion with a ‘T’). It can pay out all scheduled benefits for the next quarter-century with no changes whatsoever. After 2037, it’ll still be […]
Posted in U.S. Economy, U.S. Government |
Tags: Baby Boomers, benefits, deficit, Federal government, retirement, Social Security
1 Comment »
