Romina Boccia

Salt Lake City

Writer at The Debt Dispatch

Contributor at The Daily Signal

@CatoInstitute Director of Budget & Entitlements Policy | Sign up for The Debt Dispatch here: https://t.co/41t7Z3LTpR

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Articles

Debt Digest | Rethinking Social Security: New Paper Release

5 days ago | debtdispatch.substack.com | Romina Boccia |Ivane Nachkebia

Today, we released a new Cato policy analysis, “Rethinking Social Security from a Global Perspective,” which explores Social Security’s structural problems and draws lessons from pension reform experiences in Canada, Germany, New Zealand, and Sweden. This paper provides a high-level summary of our upcoming book, Reimagining Social Security: Global Lessons for Retirement Policy Changes, to be published in August 2025. See the paper’s summary blog here.
Rethinking Social Security from a Global Perspective

5 days ago | cato.org | Romina Boccia |Ivane Nachkebia

Social Security is projected to reach technical insolvency by 2033, threatening retirees with automatic 23 percent benefit cuts as the program will be unable to pay full benefits on time. The program’s looming trust-fund insolvency creates a legislative forcing mechanism and thus presents an opportunity to reimagine how Social Security could work.
Social Security’s Unfunded Obligation Now at $28 Trillion: It’s Time to Rethink the Program

1 week ago | debtdispatch.substack.com | Romina Boccia |Ivane Nachkebia

The Social Security Trustees released their annual report today—and the outlook is bleak. The program is barreling toward insolvency—and fast. The trust fund is projected to run dry in 2033, triggering an automatic 23 percent benefit cut—a 10 percent increase from last year’s projected 21 percent benefit cut.
Debt Digest | The Threat of Financial Repression

1 week ago | debtdispatch.substack.com | Romina Boccia |Ivane Nachkebia

Here are this week’s reading links and fiscal facts:Deportations could add $900 billion to the debt over 10 years. Cato’s David J. Bier argues that the cost of immigration and border-related provisions in the “One Big Beautiful Bill” is likely much higher than the Congressional Budget Office’s (CBO) $168 billion estimate.
Debt Digest | Fiscal Irresponsibility Threatens Fiscal Dominance

2 weeks ago | debtdispatch.substack.com | Romina Boccia |Ivane Nachkebia

Here are this week’s reading links and fiscal facts:Fiscal irresponsibility threatens fiscal dominance. Mercatus Center’s David Beckworth explains how fiscal policy dominated monetary policy during World War II: “From 1942 to 1951, the Fed operated under an explicit agreement with the Treasury to cap interest rates across the yield curve to support wartime financing.
Debt Digest | Trump’s Tariffs Won’t Pay for Tax Cuts in the “One Big Beautiful Bill”

3 weeks ago | debtdispatch.substack.com | Romina Boccia |Ivane Nachkebia

Here are this week’s reading links and fiscal facts:Raise the Social Security retirement age. In response to the aging population and the fiscal pressures that come with it, Denmark recently raised its retirement age to 70 for workers born in 1971 or later (those aged 54 or younger in 2025). Notably, Denmark has indexed its government pension retirement age to life expectancy since 2006—a model the United States should follow.
Debt Digest | Real Spending Reform Is Still Missing from the GOP’s Budget Plan

1 month ago | debtdispatch.substack.com | Romina Boccia |Ivane Nachkebia

Here are this week’s reading links and fiscal facts:Real spending reform is still missing from the GOP’s budget plan. The Wall Street Journal’s (WSJ) Richard Rubin quoted Boccia on the House’s reconciliation bill: “While Republicans were campaigning on reducing spending and controlling the growth in the debt, once they put pen to paper, their real priorities demonstrate that they care a lot more about cutting taxes than cutting deficits.
Debt Digest | Impoundment May Be Back on the Table

1 month ago | debtdispatch.substack.com | Romina Boccia |Ivane Nachkebia

Here are this week’s reading links and fiscal facts:OMB official signals impoundment is on the table. Politico’s Jennifer Scholtes and Katherine Tully-McManus report that an Office of Management and Budget (OMB) official indicated that President Trump may impound congressionally appropriated funds if lawmakers don’t enact necessary spending cuts. They write: “[Sen.
Moody’s Downgrades US Debt

1 month ago | debtdispatch.substack.com | Romina Boccia

On Friday, within mere hours of the House Budget Committee considering a reconciliation bill that threatened to accelerate the already unsustainable US debt increase by another 25 percent (adding $5 trillion to a projected $20 trillion debt increase by 2034), Moody’s issued its US debt downgrade, highlighting that:“Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs.
Debt Digest | The Political Incentive for Republicans to Reform Medicaid

1 month ago | debtdispatch.substack.com | Romina Boccia |Ivane Nachkebia

Here are this week’s reading links and fiscal facts:Seize the moment to rein in spending and avert fiscal disaster.

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