U.S. off-balance-sheet entitlement liabilities are now moving onto the balance sheet at about $3 trillion a year, according to macro analyst Luke Gromen. He cites Alan Greenspan’s 2005 warning of $100 trillion-plus in obligations now growing twice as fast as U.S. receipts.
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U.S. off-balance-sheet entitlement liabilities are now moving onto the balance sheet at about $3 trillion a year, according to macro analyst Luke Gromen. He cites Alan Greenspan’s 2005 warning of $100 trillion-plus in obligations now growing twice as fast as U
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