DOGE Via OIRA

Jan 04
 Also see:
 The United States Is Going Bankrupt: A Debt Restructuring Program Is Under Development
X Highlights CRE
                   

 Is It Too Late To Attempt To Save the US From Financial Ruin?

 

 

It is the view of the Editor that even if one were to eliminate all of the ineffective programs of the government, however defined, one would not come close to solving the continued problem of deficit spending because of the presence of the “giveth” programs.

Terrified’ Elon Musk warns US is currently headed for bankruptcy super fast
A Second Opinion
A Third Opinion (And A  Substantially Different Solution)

 

                               CRE Bottom Line 

EXCERPTS

The problem described herein has been festering for decades and presents an insurmountable challenge because barring some monumental encroachment, comparable to abolishing Social Security, Medicare and Medicaid, the Editor concludes: “game over.”

 

Once the U. S. government cannot meet its financial obligations we prefer launching a debt restructuring program over increasing the money supply because the United States has bestowed a wide range of non-market benefits to its debtors, such as national security, and these benefits must be accounted for in debt restructuring. The development and the preparation of national and international procedures for a debt restructuring program must include a notice and comment process for all participants. Consequently the proposed procedures are very resource intensive and their preparation will take considerable time which necessitates that work on this item commence immediately.

 

 

Restructuring domestic debt is like surgery: You only do it if you must, and you avoid it if it might do more harm than good.” The U. S. must proceed with developing a plan for Debt Restructuring immediately. The IMF on restructuring debt.

 

 

Jim Tozzi

              

                                           

                                    Recommended Next Steps

 

Identify Several Sectors For Immediate Action                                                                          Develop  Debt Restructuring Plans For Key Sectors Of The U. S. Economy                        A Library of Planning Material                                                                                                        Development of Enriched Procedures for Debt Restructuring

 

 

 

 

                                               Appendix

 

 

                                       A Library Of Pending Debt Default Strategies

We will leave it to each of our readers to make their own decision regarding the feasibility of using the bitcoin as a solution to our fiscal problems. However regarding the basic position set forth by Mr. Musk that the US is headed for bankruptcy we are in complete agreement. Furthermore we are equally concerned as to whether there is a solution to the problem. In a nutshell the procedures that govern the operations of the House and Senate reward those that sponsor spending funds and punish those that move to restrict spending. Consequently there is an informed basis for concluding that there is no lasting solution to the problem, as demonstrated by the continuous increase in the deficit, unless serious attention is given to the restructuring of the debt.

DOGE Reaction
 Representative Analyses Needed To Support the “Bankruptcy Initiative”
Editor’Note
The Mathematics Of The Debt Sustainability Model
Gaming the Giveth and Taketh of Government
Reducing Federal Spending
A Previous Series  Of Daily News Reports On The History of OIRA
Jim Tozzi     Center For Regulatory Effectiveness   Third Party Recognition   Contact
 

 

                                              Pacesetting Reports

 

Periodic Updates          Upon Request to CRE

12/20/2024     Are You Interested in Working on the US Government “Bankruptcy In    Contact the Center For Regulatory Effectiveness
Representative Analyses Needed To Support the “Bankruptcy Initiative”
12/19/2024     Who Wins From A US Debt Default?  China   Comment

12/18/2024     What Would Happen If The US Defaulted On Its Debt To China?

12/14/2024     Penn Wharton Budget Model  Research

12/13/2024     Some Republicans fear a DOGE dilemma is setting in

12/09/2024     The View Of A Fiscal Contrarian  Research 1 and  Research 2 (Comment)

12/08/2024     Federal Bankruptcy: Implications for the Consumer  Comment

12/05/2024    Will the US Government Harness Ballooning Debt?   Research

11/29/2024     Musk’s Slashing of the Federal Budget Faces Big Hurdles                                                                  INTRODUCTION

11/28/2024     How Elon Musk, Donald Trump And DOGE Will Take On The Federal Government

11/25/2024    Tesla CEO Elon Musk Warns U.S. Bankruptcy Is  Coming

11/24/2024    Sunstein on DOGE

11/23/2024    Musk, Ramaswamy ‘DOGE’ confidence in Supreme Court may be tested

11/20/2024   Initial Concepts: Musk-(WSJ)

11/19/2024   DOGE Is a Great Idea (Newsweek)

11/18/2024   Is Trump’s DOGE Going to be a DOGD? (ITIF)

11/12/2024   So…. They Are Creating Another OIRA? (X)

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Contact: The Center for Regulatory Effectiveness (CRE)

 

Jim Tozzi                                                                                                                                   Center For Regulatory Effectiveness                                                                                             Third Party Recognition

 

 

 

 

 

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