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Latest Issues

Debt Digest | Attempting To Inflate Away The Debt Makes Workers Pay

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Here are this week’s reading links and fiscal facts:

  • Attempting to inflate away the debt makes workers pay. Heather Long, chief economist at Navy Federal Credit Union, writes that “Inflation has...
7 days ago
8

Who Would Pay If Congress Eliminated the Social Security Payroll Tax Cap?

Photo by Olga DeLawrence on Unsplash

Eliminating the Social Security payroll tax cap is often presented as a simple way to close the program’s worsening financing gap. Setting aside that this change would at best close 30 percent of the fu...

7 days ago
12

Debt Digest: Higher interest costs drive deficit to 14% of GDP in 2056

Photo by Marek Studzinski on Unsplash

Here are this week’s reading links and fiscal facts:

  • New database highlights appropriations dysfunction. The National Taxpayers Union (NTU) has published a database by Matthew Dickerson tracking t...
9 days ago
10

Republicans Should Cut Waste While Avoiding Pocket Rescissions

Photo by Jon Tyson on Unsplash

On September 30, $810 million in appropriated fiscal year (FY) 2026 spending expired because of a Trump administration maneuver known as a pocket rescission. The rescission, which targeted spending that the a...

10 days ago
11
1

In the Press: Debating Social Security’s Future, Pocket Rescissions, and Taxpayer-Funded Campaign Ads

Social Security should insure against old-age poverty, not replace wages

On the Concord Coalition’s Facing the Future podcast, Boccia debates Wendell Primus of the Brookings Institution on how to keep Social Security solvent past 2032. Pri...

12 days ago
8

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Authors

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  • Romina Boccia

    Director of Budget and Entitlements | Cato Institute

  • Adam Michel

    Director of tax policy studies at the Cato Institute.

  • Krit Chanwong

    I am a quantitative analyst at the Cato Institute.

  • Ritvik Thakur

    Research Associate in Budget and Entitlement Policy | Cato Institute

  • Tyler Turman

    Research Associate in Budget and Entitlement Policy | Cato Institute

  • David Ditch
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