To: Interested Parties
I have served as a career employee in five Presidential Administrations, including service as the Assistant Director of OMB.
The federal deficit is increasing at such a rate that it is highly probable that the United States will go into bankruptcy. When such an event occurs the normal response of a national government is to issue additional currency with the debilitating impact of massive inflation.
The Center for Regulatory Effectiveness (https://www.thecre.com/) concludes that the nation will be better off with the immediate development and implementation of a backup plan. The backup plan would consist of addressing an expanded multinational membership and utilizing an APA compliant version of conventional debt restructuring as described below. The challenge is that the plan recommended herein will take a number of years to develop and therefore it cannot be implemented at the last minute. For this reason, work should begin immediately on developing the backup plan set forth herein.
We would appreciate your reviewing the documents set forth below and sharing your views with your colleagues.
Respectfully,
Jim
Current Events: Federal Bankruptcy
CRE’s Resume
Who is in CRE’s Corner?
Macro Strategy: The Path to United States Bankruptcy
CRE Most Recent Post
CRE Homepage
- CRE does not disclose neither the names nor the text of those commenting to CRE or those to whom CRE submitted a comment.
- CRE works with all Administrations; it works for no Administration.
- A Library of CRE statements and publications by date.
