Romina Boccia: America’s Debt Crisis Is a Threat to the American Dream

Welcome back to Voices of Liberty with host Sean Themea, powered by Young Americans for Liberty. Romina Boccia, director of budget and entitlement policy at the Cato Institute and author of Reimagining Social Security, has taken on one of Washington's most politically dangerous issues: America's growing national debt. Her interest in economic freedom began long before arriving in Washington. Growing up in Germany, visiting family in southern Italy, and learning about life in communist East Germany led her to ask why some societies create prosperity and opportunity while others struggle. Romina explains why she believes Social Security and Medicare are at the center of America's long-term fiscal challenge, what could happen as their trust funds face depletion, and why younger Americans will increasingly bear the cost if Washington refuses to act. She also breaks down how government borrowing affects mortgage rates, business investment, wages, inflation, and the ability of the next generation to build families and businesses. The conversation also tackles America's distorted health care system, defense spending, the dangers of putting federal spending on autopilot, and Romina's proposal for an independent fiscal commission capable of confronting entitlement reform that politicians are often reluctant to touch. She also offers practical advice for young Americans—from health savings accounts and entrepreneurship to becoming lifelong learners and building solutions in their own communities. The national debt may be measured in trillions, but its consequences are deeply personal. Romina's warning is that failing to confront it could weaken economic growth, national security, the stability of the dollar, and the opportunities available to generations of Americans who have yet to inherit the bill. Listen now on Spotify, Apple Podcasts, Pandora, or YouTube, and learn more at YALiberty.org.