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Dec 12, 2013

America in Worse Fiscal Shape than #Detroit, $200 trillion in long term debt and liabilities

(USA Watchdog) Boston University Economics Professor, Laurence Kotlikoff, says, "The country is in worse fiscal shape by many miles than Detroit. So, the country is essentially bankrupt."

Dr. Kotlikoff estimates the long term debt and liabilities of America are more than $200 trillion! He is spearheading a bill in Congress called The Inform Act. It is an attempt to wake up the nation to our dire financial situation so something can be done to fix this enormous problem.

Dr. Kotlikoff explains, "The bill has been endorsed by over 1,000 economists, including 15 Nobel Prize winners in economics . . .Never in the history of this country have this many top economists from all political persuasions endorsed a piece of legislation like this."