It will take several years to restore solvency & confidence.
Together with ending Saturday delivery, those steps might restore solvency by 2015.
He reportedly abandoned support for a commission to restore solvency to Social Security, the public-pension system, because congressional Democrats objected to this loss of their authority.
The union has forged a close relationship with Mr. Christie and credits him with helping restore solvency to the state's bridge and road fund.
Nancy Pelosi, the speaker of the House of Representatives, is adamantly opposed.A similar commission was set up to restore solvency to Social Security in 1982-83.
But no matter how it's done, funneling money has been criticized as unjust to taxpayers — and could cost trillions to restore solvency.
And in early 2013, the ECB forced a resolution of the Cypriot banking crisis by announcing that it would stop authorising ELA within days unless Cyprus entered a rescue programme to restore solvency to its two big bust banks.
"A number of state legislatures are looking at reducing benefits as one of the ways to try to restore solvency, even though in most states it's not going to get you there," he said.
Such accounts were intended as the centrepiece of the Republican Party's "ownership society".Economists are divided on the merit of such accounts, but agree they do nothing to restore solvency: that requires slimmer benefits, higher taxes, or both.
They generally followed what the IMF and others have identified as "best practice": rapid application of loan guarantees to end panic, targeted bank recapitalisation to restore solvency, and transparency about banks' health, which restores investor confidence and enables banks to raise private capital.For all that, they may still be being too optimistic.
