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The Philadelphia Inquirer

Drifting to Future Bankruptcy

by Laurence J. Kotlikoff

The status quo, we're led to believe, is the safe bet, the conservative option, the riskless alternative. But when the status quo involves driving off a cliff, maintaining it is the risky, radical, indeed, suicidal choice. The United States is now engaged in such "staticide" - the maintenance of a suicidal status quo. Its policies are driving the country to fiscal, financial and economic ruin. The only question is when the crash will occur and which households and businesses will be in the passenger seats.

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Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.

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