2010/08/17

U.S. Is Bankrupt and We Don't Even Know It: Laurence Kotlikoff - Bloomberg

Via Doc Searls:

U.S. Is Bankrupt and We Don't Even Know It: Laurence Kotlikoff - Bloomberg:

"This is what happens when you run a massive Ponzi scheme for six decades straight, taking ever larger resources from the young and giving them to the old while promising the young their eventual turn at passing the generational buck."


I and my classmates have known this since high school in the early 1980's. But we haven't successfully done anything about it. I voted for Perot and contributed to the Concord Coalition for awhile; nothing more.

How do you visibly alter the momentum of a social system 3.0e8 times larger than yourself?

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