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Quote:
“I told them the real (2014) deficit was $5 trillion, not the $500 billion or $300 billion or whatever it was announced to be this year. Almost all the liabilities of the government are being kept off the books by bogus accounting. . .”
So, how much is America on the hook for in the future? Kotlikoff contends, “If you take all the expenditures that the government is expected to make, as projected by the Congressional Budget Office (CBO), all the spending on defense, repairing the roads, paying for the Supreme Court Justices’ salaries, Social Security, Medicare, Medicaid, welfare, everything and take all those expenditures into the future . . . and compare that to all the taxes that are projected to come in, and the difference is $210 trillion. That’s the fiscal gap. That’s our true debt.” -- source |
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By using bogus accounting, by “cooking the books”, the true U.S. government deficit for 2014, for one single year, may be around 5 TRILLION dollars. This is criminal embezzlement on a massive scale, perpetrated against the American people by our two-faced leaders.
If justice still existed in the USA, they would all be arrested and removed from office.
Since the same criminal leaders control the legal system, there is no justice in America.
Criminals rule.