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Tuesday, January 22, 2008

The country is bankrupt

Trash Dispatch: the following “digg-link” was submitted to digg.com with the following “description”.

In a remarkable paper posted by the Federal Reserve of St. Louis, and authored by a Boston University teacher named Prof Kotlikoff, it is revealed in blunt, powerful language that the era of borrowing and spending without consequence may soon come to a close. The paper, entitled, Is the United States Bankrupt?, may not remain posted for very long..


read more | digg story


Related:

Trash Dispatch: Stock Markets Plunge Worldwide!!!

Dow drops 465 then gains most of it back (AP)

Market drops on recession fear (Reuters)

Fed cuts interest rates (AP)

US central bank slashes rates but stock market turmoil continues (AFP)

Fed slashes rates (Reuters)

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