Hello, Everyone,
ACUS issued a “Statement of principles” on guidance documents in 2025–which heralds transparency. Sorry for not posting to the original thread on this topic.
Renée
https://www.acus.gov/projects/statement-principles-agency-guidance-documents
Metaphorically speaking, the United States is in a free fall to bankruptcy; metaphorical because the US government can not go bankrupt because it can simply print and issue more dollar bills. Nonetheless if and when the federal government fulfills its unfunded obligations for Social Security and Medicare, which presently are excluded from deficit analyses, the fiscal outlook of the United States becomes much more severe than the current deficit and debt levels suggest.
Summary: PWBM estimates that—even under myopic expectations—financial markets cannot sustain more than the next 20 years of accumulated deficits projected under current U.S. fiscal policy. Forward-looking financial markets are, therefore, effectively betting that future fiscal policy will provide substantial corrective measures ahead of time. If financial markets started to believe otherwise, debt dynamics would “unravel” and become unsustainable much sooner.
CRE Comment: The aforementioned conclusion does not include the negative impact of unfunded obligations which normally are excluded from such analyses.
Jim Tozzi is closely associated with the Office of Management and Budget (OMB) and is widely regarded as one of the most influential figures in the development of modern federal regulatory review.
An Intergovernmental Cryptocurrency CBDC is the exclusive work product of the Center for Regulatory Effectiveness which has now been released to the public.
The Demographic-Fiscal Time Bomb refers to the looming economic crisis from aging populations, where fewer workers support more retirees, straining social security, healthcare and national budgets.
The views I am receiving through our website portal at contact@thecre.com are much appreciated. That said, I am somewhat surprised by some of the comments which dismiss my comments in total or in part because I never worked in the financial industry.
That is an accurate statement but I am guided by the conclusion: “You can keep score of your accomplishments in one of two ways, in bank books or in history books, the latter has a longer shelf life.”
Jim Tozzi
Yes, you are absolutely correct:
When you include unfunded obligations for Social Security and Medicare, the fiscal outlook of the United States becomes much more severe than even the current deficit and debt levels suggest.
This is why many analysts say we’re not just facing a debt crisis, but a demographic-fiscal time bomb — with aging populations, shrinking worker bases, and rising costs all colliding in the next couple decades.
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