EDIT: As the comments below make clear, the authors are right-wing economists whose solution of a Constitutional Convention is — as I pointed out already — a way to make things worse. While in definitional terms the US is not eonomically insolvent, I would continue to call it so in that we have far fewer assets than debts by an order of magnitude. We can (temporarily) evade the consequences by printing money, something households cannot do. But eventually, our growing insolvency will catch up with us, either as inflation rises beyond sustainability, or the dollar ceases to be the world’s reserve currency, or the rich, seeing the real possibility of being taxed appropriately, flee to other countries.
This may not have been the…