Is the United States Bankrupt?
Laurence J. Kotlikoff
Federal Reserve Bank of St. Louis

Is the United States bankrupt? Many would scoff at this notion. Others would argue that financial implosion is just around the corner. This paper explores these views from both partial and general equilibrium perspectives. It concludes that countries can go broke, that the United States is going broke, that remaining open to foreign investment can help stave off bankruptcy, but that radical reform of U.S. fiscal institutions is essential to secure the nationís economic future. The paper offers three policies to eliminate the nationís enormous fiscal gap and avert bankruptcy: a retail sales tax, personalized Social Security, and a globally budgeted universal healthcare syste



Read or Download
This 16 Page Report
From the Federal Reserve Bank of St. Louis
PDF - File



Table of Contents

To HiddenMysteries Internet Book Store



Prepared by © TGS HiddenMysteries.com


Notice: TGS HiddenMysteries and/or the donor of this material may or may not agree with all the data or conclusions of this data. It is presented here 'as is' for your benefit and research. Material for these pages are sent from around the world. If by chance there is a copyrighted article posted which the author does not want read, email the webmaster and it will be removed. If proper credit for authorship is not noted please email the webmaster for corrections to be posted.

We welcome challenging viewpoints from all sources...even opposing viewpoints. In diversity of views we can still find the research and documentation valuable, whether we agree with the views of the author or not.


HiddenMysteries.org is a publication of TGS Services
Please direct all correspondence to
TGS HiddenMysteries, c/o TGS Services,
22241 Pinedale Lane, Frankston, Texas, 75763


All Original Content and Design © HiddenMysteries - TGS (1997-2011)
HiddenMysteries.com Internet Store ~ HiddenMysteries Information Central
All Rights Reserved