Nobody who has even a passing acquaintance with economics could fail to realize that Western governments are highly indebted. Current generations have been consuming at the expense of future generations. But, just how indebted are we? In The Government Debt Iceberg, Cato scholar Jagadeesh Gokhale reveals the extent to which western governments are keeping taxpayers in the dark about true levels of debt by hiding the magnitude of future spending commitments that cannot be met by future tax receipts. The book is available for sale as a paperback or as a free PDF download. Get your copy today