The Current | Dec 7, 2012 | 27:28
Laurence Kotlikoff: Is the United States Broke?
Bracing for the U.S. to fall off the fiscal cliff is nothing compared to the financial free fall predicted by Laurence Kotlikoff. The Boston University economist and failed U.S. presidential candidate joins us with his thoughts on the economic end of times. So, never mind the melting ice caps, the perfect storms or even the zombie apocalypse. Kotlikoff believes Washington has been running a Ponzi scheme for six decades and higher taxes and belt tightening won't be enough to stop the coming Greek tragedy.