Debt Crisis Looming as Washington 'Hides the Real Fiscal Cliff Numbers'

By Economist Laurence Kotlikoff

The US national debt is twenty times higher than is officially reported, approaching $222 trillion, and today s children could soon be paying their parent s debts.

http://www.informationclearinghouse.info/article33896.htm



$1,728,477,000,000: Fed s Holdings of U.S. Debt Hit Another Record

The total debt of the federal government was $16,524,304,599,079.04. That included $11,668,602,027,147.93 in debt held by the public and $4,855,702,571,931.11 in intragovernmental debt, which is money the Treasury has taken out of government trust funds-such as the Social Security Trust Fund-and spent on other government programs.

http://is.gd/MDWqK7


From Information Clearing House

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A Fiscal Lesson in Cyprus for Americans
http://lewrockwell.com/hornberger/hornberger194.html



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=fiscal
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Laurence+Kotlikoff
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/hornberger
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