Public Participation

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:

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.”

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.

• The foundation described herein is priceless for the transaction underway, see OMB Policy Officials By Administration

Jim Tozzi, Director

• Please consult this page for a representative small step which had a significant impact.
• The foundation described herein is priceless for the transaction underway, see OMB Policy Officials By Administration