America’s Hidden Credit Card Bill

in 2014, College and Graduate School of Arts and Sciences, Laurence Kotlikoff, Newsmakers, OP-EDs by BU Professors
August 1st, 2014

kotlikoff11-150x150New York Times (subscription required)
By Laurence Kotlikoff, College of Arts & Sciences

Households can’t spend, on a continuing basis, more than they earn. Countries can’t either, at least not over the long run. But countries can certainly leave the bill for their current spending to the young and to future generations…

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