Professor Laurence Kotlikoff: Fiscal Tsunami About To Hit The US; Deficits Will Explode
Government Keeping Real (GAAP) Spending Off The Books
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Jim welcomes Laurence Kotlikoff, Professor of Economics at Boston University. Professor Kotlikoff notes that 10,000 citizens a day are joining Social Security and Medicare. He believes deficits will explode, as a majority of politicians will never vote to reduce benefits.