Dr Laurence Kotlikoff , professor of economics at Boston University and a research associate at the  National Bureau of Economic Research, was recently interviewed by the Financial Sense Newshour  about the true state of fiscal affairs in this country. He explains how the government uses accounting tricks to hide the truth and keep everyone in the dark about the US’s actual debt-load, which runs $205 trillion versus the $17 trillion you often here in the news. Kotlikoff also details the ongoing pattern of obfuscation, censorships, and firings of government personnel attempting to disclose budgets of prior Presidents when doing so is deemed politically inconvenient. This is a must-listen interview. Here we present a few key excerpts:

Why the True U.S. Government Debt is $205 Trillion, 11/11/13

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