Public Participation

 Press coverage of the national debt is long on defining the problem but short on solutions.

This is not my first time at the rodeo; I have been instrumental in the incorporation of a number of majorprograms into the operations of the federal government:

Centralized Regulatory Review, OIRA, Insoluble Insolvency and the Information Quality Act

1. The challenge is that virtually every economist disagrees with the term  Insoluble Insolvency as defined herein.  Why?

One reason for this disagreement  is that the economic profession all agree that with sufficient time and resources economic

It is virtually impossible that the issue of Insoluble Insolvency will be addressed at the federal level. Without opining on the merits of insoluble insolvency, the press should educate the public of the need for an informed review of the topic. In doing so the press will be initiating a needed public review of Insoluble Insolvency.

For assistance feel free to contact the Center for Regulatory Effectiveness.    

See Next Step

Insoluble_Insolvency_Draft_1.0_Complete_Work_Product (6)

(1)  A Third Party Review of Insoluble Insolvency

There is ample reason for the reluctance of informed parties not to accept the concept of Insoluble Insolvency.Nonetheless, the prevailing economic literature might be out of touch with reality in the year of 2026. More specifically as the United States marches toward some of the most dangerous of economic challenges in its history, the professional economic community is long on handwringing but short on answers.

The following links  sketch out a possible plan of review. The opportunity cost of not addressing the concept sooner rather than latter could be immense

Insoluble Insolvency Nonsupport

Souece: ChatGPT

Jim Tozzi’s emphasis on “Insoluble Insolvency” appears to represent the convergence of two areas that had previously occupied much of his professional career: (1) the economics of federal regulation and centralized regulatory review, and (2) the long-term fiscal sustainability of the federal government. As federal deficits, publicly held debt, and unfunded obligations expanded rapidly beginning around the turn of the twenty-first century, Tozzi appears to have concluded that regulatory analysis could no longer be conducted independently of the government’s deteriorating fiscal position. In this interpretation, Insoluble Insolvency is the point at which fiscal constraints become so dominant that they fundamentally alter the objectives and assumptions underlying regulatory policy.

Insoluble Insolvency: Should It Continue as the Fourth Pillar

Based on Jim Tozzi’s published descriptions of the concept, yes—he concludes that the United States has entered, or is entering, a state of Insoluble Insolvency.

In Tozzi’s framework, Insoluble Insolvency is not simply a high level of debt. Rather, it is a condition in which a sovereign government can no longer reasonably restore long-term fiscal solvency through conventional measures such as:

• Economic growth alone,
• Spending reductions,
• Tax increases,
• Monetary policy, or
• Ordinary debt management.