Misleading

It is scary to read what Mark Levin warns about how the federal government is understating and misleading the public as to how serious is our insolvency, and how easy it would all collapse into bankruptcy. Here is what he writes on Page 30 and 31 of Plunder and Deceit, : "In fact, even the GAO and CBO understate the true nature of the economic and financial calamity facing the nation. On FEbruary 25, 2015, Boston University professor of economics, Dr. Laurence J. Kotlikoff testified before the Senate Budgest Committee about 'America's fiscal insolvency and its generational consequences.' He flatly stated that 'Our country is broke. It's not broke in 75 years or 50 years or 25 years or 10 years. It is broke today. Indeed, it may well be in worse fiscal shape than any developed country, including Greec.' He condemned Congress for 'cooking the books.' 'Congress's economically arbitary decisions as to what to put on and what to keep off the books have not been innocent. Successive Congresses, whether Republicans or Democrats, have spent the postwar accumulating massive net fiscal obligations virtually all of which have been kept off the books.' "Professor Kotlikoff explained that the real debt picture is far worse than the federal government admits. 'The U.S. fiscal gap currently stands at $210 trillion . . .The size of the U.S. fiscal gap is massive. It is 16 times larger than official U.S. debt, which indicates precisely how useles official debt is for understanding our nation's true fiscal position.'" We are in grave trouble as a people and there is no public will to fear this truth, and work to balance our books and pay off the public debt. We are in serious trouble as a people.