Tuesday, September 20, 2011

Is The Real U.S. Debt $211 Trillion?

What if U.S. debt isn't $14.3 trillion, but bigger by a factor of 14?

Bloomberg BusinessWeek, in "Why The Current Debt Crisis is Even Worse Than You Think," argues the true measure of U.S. debt ought to be the so-called fiscal gap. That's the present value of the difference between the nation's total revenues and its total obligations. That comes to $211 trillion.

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