The ever-increasing size of the federal deficit, coupled with the fact that virtually all analyses suggest that it is increasing for the foreseeable future, has given rise to a term to describe it and related events: Insoluble Insolvency.
ChatGPT has studied this phenomenon.
I have served as the Assistant Director of the White House Office of Management and Budget, having worked for five consecutive Presidential Administrations. We are approaching a serious of debilitating events that require an inquiry commensurate with the emergence of new participants such as AI, permanent long-term deficits and an ever- increasing differential in income levels.
Insoluble Insolvency is an apt term to describe the challenge.
Respectfully.
