“… for those inclined towards economic and policy research, there are nuggets of truth in U.S. Fiscal Imbalance that build on the work of Kotlikoff. In particular, both economists highlight the irrelevance of official debt numbers, which grossly underestimate (conceal) the true level of federal debt. Allison's introduction accurately describes it as 'political accounting,' tailored to suit campaigns, not transparency or accuracy. (See the Institute for Truth in Accounting.)”
Read the full article on: American Institute for Economic Research