"Enron Accounting" Has Bankrupted America: U.S. Deficit Really $202 Trillion, Kotlikoff Says

We have to abort the money moster and finish it completely!

and jut so you know im in my third war as a solider,, so see ive been serving for 26 yrs on and off agian .. and most things never change no matter whos in office they are the same .. just how much of the tool box we take when we go ... dem.. say do more with lot less ... rep.. do the same amount just have more things to use ... but both have the same limits none with the balls to finish it right.. to worried about thier jobs .. win the next election... sad so you all lose in the end...

well they think maybe if they keep you so confused you will just keep going along and by the way thats filling all thier pockets .. me i sit back and watch the fun its like watching a bad b movie .... sad thing is what they do works because ppl let it ..
personnaly me and mine can live through anything so bring on the end then we caqn start all over and maybe then ppl will wake up and go """ohhh sh?t what have i done..."".

Bernanke said today he will push the deficit even higher .......throwing more Debt at Debt never works says Kotlikoff.

""Another day, another "expert" throws in his $.02. The world is full of experts who play on the mystique of expertise to herd minds in directions that make $$$ for their bank accounts. It IS a "recovery", it is NOT, the national debt is THIS, the national debt is THAT, etc, etc, ad nauseum. Fact is, economies of such a scale as the USAs, let alone the world are so complex that one experts commentary is just as good as another.""

Let me put this as simply as I can Charles.......
If you took every cent that everyone has in this country (app. 55 trillion) and applied it all to paid off as much as the federal debt as you could, you would still owe at a minimum of 45 trillion.

when they take all of your money, and you still owe a same amount of money,,, you are broke big time.

There is no means of avoiding the final collapse
of a boom brought about by credit (debt) expansion.
The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved." - Ludwig von Mises

Take all the fools out of this world and there wouldn’t be any fun living in it, or profit.” –Josh Billings

They have been Caught Stealing. Thats the Problem. Now its muddy the water time where did I put those trillions let's see Hmmm. Not under my pillow.

Another day, another "expert" throws in his $.02. The world is full of experts who play on the mystique of expertise to herd minds in directions that make $$$ for their bank accounts. It IS a "recovery", it is NOT, the national debt is THIS, the national debt is THAT, etc, etc, ad nauseum. Fact is, economies of such a scale as the USAs, let alone the world are so complex that one experts commentary is just as good as another. I sure hope people aren't making investment decisions based on anything beyond what makes sense for their personal situation. Experts are a dime a dozen, almost literally.

If we can build a nuclear weapon, we can build a battery for electric cars. Build it. Sell it. Make yourself rich. If we need the best minds in the nation to do so, do it. Why are these things so difficult?

What happened to "Don't worry, Be happy?

Kotlikoff is pretty loose with terms. The $202T is unfunded entitlements, not deficit, and whether it is $202T or the $50T more often quoted makes little difference with annual revenues at $2.5T--unless one considers his next quarter's royalty check from his book-peddling push.