The Hill News

Surprise! America is being berated as a ticking time bomb. Economist Larry Kotlikoff recently wrote a piece for the Financial Times declaring America to be in worse fiscal shape than Greece, which had its financial system taken over. According to Kotlikoff, “The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.”

According to an article by Nobel economist Paul Krugman in The New York Times, America’s “new normal” is slow growth whereby our children cannot expect to have it better than their parents. Where does that leave America?

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