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Open itan>The latest estimate of Laurence J. Kotlikoff (2011) puts the gap’s present value at the bone-crushing level of $211 trillion. A more modest estimate from Jagadeesh Gokhale and Kent A. Smetters (2006, 203) estimates the gap as of 2010 at <span>$79.4 trillion. The Congressional Budget Office’s (CBO’s) most recent long- term outlook (2011, 80) has federal expenditures in its Alternative Fiscal Scenario—not counting interest on the acOriginal toplevel document (pdf)
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