USA Broke?

Quak
Quak Posts: 14
edited July 2006 in A Moving Train
Hi,

I am living in Denmark, so I have no what so ever clue on USA politics, besides the media. But a new article talks about a professor called Laurence Kotlikoff, who in an article in Federal Reserve Bank of St. Louis Reviews states that USA is broke? I have not read the real article, but only the danish article that talks about it. If that is true, it seems like a valid reason to start looking at your goverment?

/Q
Post edited by Unknown User on

Comments

  • Pacomc79
    Pacomc79 Posts: 9,404
    Oh we are far beyond broke actually, we are several trillion dollars in debt actually. Blame the politicians since World War 2.
    My Girlfriend said to me..."How many guitars do you need?" and I replied...."How many pairs of shoes do you need?" She got really quiet.
  • IndianSummer
    IndianSummer Posts: 854
    Pacomc79 wrote:
    Oh we are far beyond broke actually, we are several trillion dollars in debt actually. Blame the politicians since World War 2.
    to whom do you owe rthis debt to??
    I have faced it, A life wasted...

    Take my hand, my child of love
    Come step inside my tears
    Swim the magic ocean,
    I've been crying all these years
  • 1970RR
    1970RR Posts: 281
    IndianSummer wrote:
    to whom do you owe rthis debt to??
    See chart: http://www.socsec.org/publications.asp?pubid=540

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