Public Participation

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.

ChatGPT on JimTozzi

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.

Jim Tozzi                                                                                                   

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.

1. Aging Populations
   • Life expectancy increases.
   • Baby boomer cohorts retire en masse.
   • More people are drawing from pension and healthcare systems.
2. Shrinking Workforce
   • Lower birth rates (especially in developed countries).
   • Fewer people entering the labor market.
   • Potential decline in productivity and economic growth.
3. Rising Fiscal Costs
   • Pensions, social security, elder care, and healthcare demand surge.
   • Governments face higher spending with fewer revenue sources.
4. Dependency Ratios Climb
   • Fewer workers per retiree.

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

Bottom Line

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.

What Is An Intergovernmental Cryptocurrency CBDC ?

Next Steps

1. Centralized Regulatory Review, the process which requires federal agencies to conduct benefit-cost analyses of proposed regulations and to subject them for review by the Executive Office of the President, has been in existence for nearly  a half-century. Centralized Regulatory Review provides the fulcrum for the Executive Office of the President to foster the implementation of new initiatives on a national basis. Recent advances in administrative law describe the evolution of centralized regulatory review in a much broader context and provides a mechanism for the possible implementation of a federal cryptocurrency through the utilization of the Administrative Baseline established by centralized regulatory review.