US Government 'hiding true amount of debt' - Australian Paper Says U.S. Debt Actually 200 TRILLION!

If this is true, it is more than even conceivable!  An Australian Newspaper is saying the U.S. is hiding the REAL Debt - it not 9 to 13 Trillion and is Actually 200 TRILLION!

Talk about hiding the truth from the people, this is more money than imaginable - that would mean almost a 1/2 Trillion dollar debt to each person in the U.S.


Portion:

Mr Kotlikoff and Mr Moylan agree US national debt is much more than the official $US13.4 trillion number, but they disagree over how to add up the exact number.

Mr Kotlikoff says the debt is actually $US200 trillion.

Mr Moylan says the number is likely about $US60 trillion.

That is close to the figure quoted by David Walker, the US Comptroller General from 1998 to 2008.

He launched a campaign to convince Americans that the federal spending and debt is a greater threat than terrorism.

But whichever figure is accurate, all three agree that the problem has worsened in the last few years.

They say it is because Congress and the Administration, whether Republican or Democrat, consistently overspend.