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U.S. Fiscal Meltdown in Spitting Distance: Laurence Kotlikoff

April 5th, 2011 Comments off

The two parties are having a heated debate over the Republican plan to slice $ 61 billion off Uncle Sam’s projected $ 3.6 trillion budget. If the Republicans get their way, the deficit will fall from 9.5 percent of gross domestic product to 9.1 percent. If they don’t, they’ll probably shut the government for a couple of days. Then they’ll compromise on, say, a $ 40 billion budget cut, having proved they gave it their best shot.
BusinessWeek.com — Finance

Kotlikoff: How to Fix the Mortgage Mess

January 15th, 2011 Comments off

Fannie Mae and Freddie Mac. What cute-sounding names. They suggest adorable siblings, not twin financial disasters that may cost $ 1 trillion when we get the final bill.
BusinessWeek.com — Finance

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