Macro Strategy
The Center for Regulatory Effectiveness (CRE) has been a student of the increasing federal debt for decades. Recently it has concluded that the the United States is on its way to an irreversible bankruptcy.
Historically other nations, when confronted with such an event, simply issue additional currency with the resultant impact of catastrophic inflation. CRE is in support of a different alternative–restructuring of the national debt. Restructuring of debt is commonplace in the private sector but less common in the public sector, particularly at the national level. The restructuring program advocated herein is probably the first of its kind because it incorporates many of the principles and programs traditionally used in Notice and Comment rulemakings.
The CRE recommend program is addressed in the following links:
We have been receiving a number of comments but our standard operating procedures prohibit us from publishing them unless so advised bv the authors. Therefore the purpose of this article is to suggest that our readers submit their comments to CRE at contact@thecre.com with the understanding that we will publish them on this page without any affiliation by name or agency.
The questions center around the following topics:
- Is CRE receiving any funding for its work
No, but we would welcome unconstrained contributions. - What has been the public reaction to date?
3. What are your biggest challenges?
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Insufficient number of personnel dedicated to furthering the cause.
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It is difficult to raise the interest of individuals to work on an issue that will not materialize for at least twenty years. It is even more difficult to convince them that they should act immediately to begin to implement the recommendations presented herein because it will take years before they become operable.
