Why $16,000,000,000,000 Only Hints At True U.S. Debt

by Chris Cox and Bill Archer.     A decade and a half ago, both of us served on President Clinton's Bipartisan Commission on Entitlement and Tax Reform, the forerunner to President Obama's recent National Commission on Fiscal Responsibility and Reform. In 1994 we predicted that, unless something was done to control runaway entitlement       ... MORE