
"...But I saved my receipt Sir! I'm Good For The Money!"
YahooNews:
America is headed for a fiscal cliff at the end of this year.
If Congress does not act, $1.2 trillion in automatic spending cuts will take effect as will a number of tax hikes on Jan. 1. Many economists believe this so-called fiscal cliff could send the country back into recession.
Boston University economics professor Larry Kotlikoff describes just how bad America's finances are as a result of trillions of dollars in unfunded entitlement liabilities in his new book The Clash of Generations: Saving Ourselves, Our Kids, and Our Economy. He joined The Daily Ticker's Aaron...