Protecting Mr. and Ms. America: A Lifeline for Social Security and Medicare

NB A determination that a sovereign has entered a state of Insoluble Insolvency does not imply that a financial crisis, market collapse, recession, or sovereign default is imminent or inevitable.

 

Mr. & Ms. America:

I worked for five presidential administrations in the White House Office of Management and Budget, including establishing both its authority and capability to review  agency regulations. Initially I worked on the “budget side” of OMB. I have been asked by a number of parties to return to my work on budget issues and thought you might find the following work product of interest.

 Respectfully,

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Google AI on Jim Tozzi

Is Jim Tozzi Considered A Serious Participant In The Establishment Of Federal Regulatory Policy?

 AI Overview

Yes, among legal scholars, political scientists, and administrative historians, Jim Tozzi is widely considered one of the most significant figures in establishing U.S. federal regulatory policy over the last fifty years. Known as the “father of centralized regulatory review,“ Tozzi spent his 19-year career in the federal civil service designing the institutional gatekeeper system that controls how every federal agency issues public health, safety, and environmental regulations.

His enduring significance stems from three massive structural contributions to American governance:

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Is Jim Tozzi, Formerly of OMB, Gregarious?

AI

Yes, Jim Tozzi, the influential former regulatory official of the Office of Management and Budget (OMB), is frequently described as gregarious. [1]

Profiled as an original in a city of otherwise reserved bureaucrats, the cigar-smoking former New Orleans jazz musician is widely noted for his booming, charismatic, and outgoing personality. Profiles of his work—such as his leadership at the Center for Regulatory Effectiveness and his mastermind role behind the Information Quality Act—frequently pair his sharp, demanding policy instincts with his highly personable, gregarious nature. [1, 2, 3]

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What Are Jim Tozzi’s Greatest Accomplishments

Source: Google AI

Jim Tozzi is widely recognized as one of the most influential figures in the history of U.S. federal regulatory policy, serving as a key official in the Office of Management and Budget (OMB) across five presidential administrations. Often described as the “father of centralized regulatory review”, his greatest accomplishments centered around transforming how federal agencies enact regulations. [1, 2]

His most significant accomplishments include:
1. Establishing the Office of Information and Regulatory Affairs (OIRA)
Tozzi considered the creation of the Office of Information and Regulatory Affairs (OIRA) within the OMB to be the highlight of his career. He served as its first Deputy Administrator, essentially designing a centralized “gatekeeper” system that required executive agencies to clear public health, safety, and environmental regulations through the White House before they could be enacted. This structure remains the foundation of modern presidential regulatory oversight. [1, 2, 3, 4]
2. Implementation of Centralized Cost-Benefit Analysis
Under the Reagan administration, Tozzi was instrumental in drafting and implementing Executive Order 12291. This landmark directive mandated that federal agencies perform strict cost-benefit analyses for all major regulations. It fundamentally shifted regulatory philosophy by ensuring that the economic burdens of new rules on the private sector were measured against their intended public benefits. [1, 2, 3]
3. Orchestrating the Paperwork Reduction Act (1980)
Tozzi was a chief architect and stealth lobbyist behind the passage of the Paperwork Reduction Act of 1980. The law granted the OMB the authority to review and approve all federal information collection requests. This substantially reduced the paperwork and reporting burdens imposed on businesses and individual citizens by the federal government. [1, 2]
4. Creating the Data Quality Act (2000)
Years after leaving the OMB, as head of the Center for Regulatory Effectiveness, Tozzi wrote and successfully advocated for the Data Quality Act (also known as the Information Quality Act). The law requires federal agencies to ensure the quality, objectivity, utility, and integrity of the data and scientific information they use to justify significant regulations, allowing outside parties a legal mechanism to challenge faulty agency data. [1]
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Social Security And Medicare Are On The Edge

The Onset of the Dismembering of Social Security and Medicare

 Insoluble Insolvency is a framework for protecting Social Security and Medicare before fiscal constraints eliminate reasonable choices.

 Hopefully you will share the following post with your readership; please see Insoluble Insolvency: The Pathway to Protecting Key Federal Programs

I worked as a civil servant for five presidential administrations, primarily in OMB; the aforementioned strategy is based, in part, on that experience.

We conclude that: Press Coverage of the Debt is All Handwringing-No Bell Ringing.

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Insoluble Insolvency: A Pathway To Protecting Key Federal Programs » Public Participation

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Insoluble Insolvency: A Pathway To Protecting Key Federal Programs

Sep 17
   
   Protecting Mr. and Ms. America: A Lifeline for Social Security and Medicare

 

                                                      Background

The term “Insoluble Insolvency“ was created to address a fundamental fact regarding the federal debt; under accepted operating norms it is a foregone fact that the US government is going to become insolvent. Insoluble Insolvency means there is no politically, economically, and institutionally feasible path back to long-term fiscal solvency using conventional measures. To this end it also means real fiscal incapacity, not the mechanical exhaustion of dollars.

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Jim Tozzi History

Jim Tozzi History

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A Debt/GDP Ratio of 175%, Coupled With a Continuing Upward Debt Trajectory, Constitutes Evidence of Insoluble Insolvency

Jim Tozzi           History            Insoluble Insolvency: The Pathway to Protecting Key Federal Programs

 

According to the latest Congressional Budget Office (CBO) projection from February 2026, U.S. federal debt held by the public is projected to reach approximately 175% of GDP in 2056.

CBO’s current trajectory is roughly:

Year Debt held by public / GDP
2026 101%
2036 120%
2056 175%

That is a substantial deterioration from CBO’s 2025 long-term projection, which had debt reaching only 156% of GDP in 2055.

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GDP Ratio and Insoluble Insolvency

What Is The Current GDP Ratio For The United States

By “GDP ratio” if we mean the U.S. federal debt-to-GDP ratio, then the key current figure is:

Federal debt held by the public ≈ 101% of GDP in 2026.

According to the Congressional Budget Office’s February 2026 baseline, debt held by the public is projected to be about 101% of GDP at the end of 2026. CBO projects it will rise to 108% in 2030 and 120% in 2036.

There is an important distinction:

  • Debt held by the public / GDP: about 101%
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