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

Oldie but goodie from Laurence Kotlikoff on the true national debt.

http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html

It’s time U.S. addresses $77 trillion national debt

I've blogged many times our national debt level is north of $100 trillion, not the oft-quoted $14 trillion--if we include all debts and future liabilities.  Here the Chicago Sun-Times comes up with a calculation of $77 trillion.

http://www.suntimes.com/business/5394799-452/its-time-u.s.-addresses-77-trillion-national-debt