Is it possible for the USA to go bankrupt? How likely is it to happen? Can a nation ever be completely broke financially?

 

Reproduced from QUORA

Jim Tozzi

Former Assistant Director at Office of Management and (1972-1982)

Ray Dalio warns debt crisis is ‘imminent’    Fortune

Musk on Federal Bankruptcy

Debt Restructuring Plans

Implementation

A close read of the this link demonstrates that there is little chance that a sitting President will admit that the US is on a track to bankruptcy. [NB In theory the US Government will never go into bankruptcy because it will simply print more currency and allow rabid inflation take its toll.] The real question is whether a party leader would announce in the off season that conventional Debt Restructuring accompanied by:

What is the relationship between debt rescheduling and income inequality?

Jim Tozzi

 Former Assistant Director –Office of Management and Budget (OMB) (1972–1982)

 

The Center for Regulatory Effectiveness has concluded that the United States government in on an irreversible path to bankruptcy.

In its opinion the primary choice is whether the nation adopts the conventional policy of printing more currency which leads to hyper-inflation or instead takes immediate steps to develop an action plan for restructuring the US national debt.

In doing so special recognition should be accorded to the degree of income inequality in the US. We finally identified a study published nearly three decades ago which addresses our concern in that it concludes that: “Our most striking finding is that higher income inequality is a significant predictor of a higher probability of debt rescheduling in a cross-section of middle-income countries.”

QUORA on Restructuring of the Federal Government Debt

CRE staff work continually to build a strong foundation for the restructuring of the United States debt. Recent actions include the following.

The Construction of a Restructuring Armada

 

  • Please consult this Debt Rescheduling for a representative small step which had a significant impact.

 

 

Jim Tozzi, Director

 

 

 

 

Current Events: The Path To United States Bankruptcy

Editor’s Note: CRE does not disclose neither the names nor the text of those commenting to CRE or those to whom CRE submitted a comment.
                                                          Publications
Debt Restructuring and Income Inequality

The Game Changer

A Timely Consideration

A Timely Consideration Reallocation of the death benefits accrued to  an individual who was responsible in part for an air collison to the families of  the deceased who were passengers on the aircraft. 

Data Access Act

Search Labs | AI Overview

The “CRE Data Access Act” refers to a legislative effort primarily advocated by the Center for Regulatory Effectiveness (CRE) to promote greater public access to data generated by federally funded research, essentially pushing for increased transparency in government data sharing and analysis by allowing wider access to research findings.
Key points about the CRE Data Access Act:

•Focus on transparency:
The CRE strongly believes in the importance of public access to data to facilitate informed decision-making and rigorous scientific review.

A Call To Action

The Trump Administration is aiming at eliminating two trillion in federal expenditures. If they are successful and if the said reductions are permanent meaning that they are not restored at a later date by any forthcoming Administration, then the United  States will avoid bankruptcy.

However,  if the aforementioned conditions are not realized the United States will be on a  path to bankruptcy unless it begins immediately to develop a backup plan based on the restructuring of debt.

Respectfully,

Jim Tozzi

 

Five Mechanisms Created to Ensure The Issuance of Effective Regulations

The Game Changer

CRE, during its forty years of existence, has focused its activities on the creation of  mechanisms which  ensure that federal regulations are effective, thus the basis for its name the Center for Regulatory Effectiveness. The aforementioned activities of CRE were preceded by the pathbreaking work of OMB for nearly twenty years which lead to the establishment of the Office of Information and Regulatory Affairs(OIRA) in the White House Office of Management and Budget in 1980. In order to provide the public with a concise description of the aforementioned mechanisms, CRE is presenting a description of each mechanism accompanied by a statement made by a nationally credentialled third party which attributes the creation of the said mechanism to the work of either  OIRA or CRE.

Current Status Of Three Forward Alternatives for Fiscal Stability

NGO’s                              gov.uscourts.dcd.277055.1.0.pdf

Administration                  Department of Government Efficiency

CRE                                https://www.thecre.com/forum8/?p=9911

 

 

 

The Era of Free Government Is Over

WSJ

The Era of Free Government Is Over
Rising bond yields around the world signal new fiscal realities.

Say what you will about 2025, the year is off to a rocky start for anyone who needs to figure out how to fund a government. Bond yields are rising across the developed world, raising some awkward questions about when politics will catch up with new economic realities.

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