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.

No comments:

"Fair Use" of Content by AI Models is Another Example of Disruptive New Technology

Humans learn by reading books, watching videos, and experiencing the world, often using copyrighted material like textbooks or movies. This ...