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Tuesday, August 17, 2010

'Let's get real, the US is bankrupt'

'Let's get real, the US is bankrupt'


A recent article published in Bloomberg states that the United States is bankrupt, as the US continues to fall further into debt what will the outcome be? Neither spending more nor taxing less will help the country pay its bills. It's a bold statement from professor of economics at Boston University Laurence Kotlikoff.


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