Public Participation

The utilization of debt restructuring to address the pending national deficiency will require the development of innovative procedures.

Offsets

Reducing the debt load of a debtor participant to capture the provision of non-market goods and services such as military protection and environmental protection.

IOU’s

The implementation of  a debt restructuring for a nation the size of the United States will require ingenuity several magnitudes greater than that usually utilized in such endeavors. Work will have to be done to explore the use of IOU’s which will put a lien on the future earnings of debtor nation borrower.

An unfunded pension liability is the gap between what a pension plan owes in promised benefits (for service already rendered) and the assets it currently holds to pay those benefits; it’s essentially “pension debt” that governments  or companies must pay off over time.

“The unfunded obligations dwarf the current national debt: Social Security currently has $22.4 trillion in unfunded obligations and Medicare has $52.8 trillion.^[17] [18] With an additional $75.2 trillion in unfunded obligations on top of the $34 trillion and growing national debt,  future generations of taxpayers will be faced with large tax burdens and fewer policy options.”