Laurence Kotlikoff: Well, we economists look at all the bills the government has to pay, and in the US case we have enormous bills that have been kept off the books. They’re not the official debts, but they are very real. For example, paying me my social security benefits, my old-age pension – that’s a real obligation. It’s not part of the official government debt, but it’s very important because there are 78 million baby boomers who’re going to get their social security payments, and, in addition, medical payments from the government. If you look at all those payments, they are about $3 trillion a year. So we have these huge bills, nobody has thought about paying for them, and Congress and the presidents over the years have just focused on official debt, and basically have not told the public about these big bills.
Default on all so-called debt to Banksters and Wall Street. Take back all tax payers' money looted from the treasury for Banksters, Wall Street, political donors, put tarriffs on ALL foreign products sold in the USA, take ALL lobby money from politicians because it was illegal and traitorous.
ReplyDeleteGet rope, a good sturdy branch on a big tree and hang em high.
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