Laurence J. Kotlikoff on Long-Term Fiscal Problems in the U.S.

With dramatic increases in Medicare, Medicaid and Social Security looming on the budget horizon, is the solvency of the United States at risk? And what can be done to avoid a fiscal crisis? In this podcast, Prof. Laurence J. Kotlikoff, Professor of Economics at Boston University and Research Associate at the National Bureau of Economic Research, discusses the threat of growing U.S. entitlement spending, options for spending reform, and the economics of the "FairTax" tax reform plan (...