The Debt Dispatch

2 weeks 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.

2 weeks 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.

3 weeks 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.

3 weeks 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.

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

Social Security has been in the news lately—but for the wrong reasons. The Department of Government Efficiency’s (DOGE) efforts to investigate an exaggerated fraud problem and subsequent legal battles have brought the program into the spotlight. But this coverage is missing the elephant in the room: Social Security is hurtling toward a benefit cliff—not just because of demographics, but because of a fundamentally flawed, self-defeating program design.