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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  4/28/2015
Choice News FRIDAY, DEC 6, 2013  |  3 comments
America in Worse Fiscal Shape than Detroit-Professor Laurence Kotlikoff
Boston University Economics Professor, Laurence Kotlikoff, says, “The country is in worse fiscal shape by many miles than Detroit. So, the country is essentially bankrupt.” Dr. Kotlikoff estimates the long term debt and liabilities of America are more than $200 trillion! He is spearheading a bill in Congress called The Inform Act. It is an attempt to wake up the nation to our dire financial situation so something can be done to fix this enormous problem. Dr. Kotlikoff explains, “The bill has been endorsed by over 1,000 economists, including 15 Nobel Prize winners in economics . . .Never in the history of this country have this many top economists from all political persuasions endorsed a piece of legislation like this.” Dr. Kotlikoff and his fellow economists all contend, “The country needs to do honest accounting.” The professor charges the government is “disguising the true problem.” Dr. ...

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usawatchdog.com

Response to economic crisis?
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News Item12/8/13 5:14 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
1517, America has a lot of problems, you might not have seen this URL I put up on another thread, For Roger Mahony, clergy abuse cases were a threat to agenda. An interesting look into the how the power structure works in the Romish Church, and about Mahony's main concern of giving illegal immigrants citizenship (q.v. Romanizing America Through Illegal Immigration ) and doing away with Capital punishment, a procedure sanctioned in Scripture, Rendering To Caesar---A Biblical Perspective On Government ) So, perhaps this doesn't just relate to our friends across the pond? Catholicism's Influence in Europe's Future So, America has a lot of problems, perhaps debt might be one of them, however, this country has rarely been out of debt and seems to function well, most of the time.
However, the U.S., no doubt has this to really worry about. The Future Western World Government
3

News Item12/6/13 3:39 PM
1517  Find all comments by 1517
Keynesian "we'll be dead" spendthrift mentality is crushing the economy. The fruit of the "cradle to grave, chicken in every out" nonsense is coming to bear. The Nanny state experiment has run out of other people's milk to give those who did not work or earn it. Hello Greece!
2

News Item12/6/13 2:57 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
Ah, it's time to re-establish my Independent credentials and show I can criticize Democrats. Detroit's decline didn't have to happen. One big problem is that Americans for quite awhile stopped buying American cars, and you can't tax companies that are making money, and firing workers. Just a little something that Cal should have mentioned.
1
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