As politicians and pundits wring their hands over the debt ceiling, the economist and Boston University professor Laurence Kotlikoff, PhD ’77, says the United States is already bankrupt. He calculates the health care and pension obligations to the country's rapidly aging population in the many trillions of dollars, far outpacing tax revenue in the coming decades. And he says economic growth won't save us. But he claims to have a few proposals that may, as well as some advice about personal investing, saving, and spending in uncertain times.