Cato Institute Director of Budget and Entitlement Policy Romina Boccia is available for interviews in light of Moody’s downgrading its US credit rating on Friday.

Boccia wrote that the downgrade is a signal to markets—and to the public—that faith in US political institutions to manage the nation’s finances is eroding:

Moody’s decision to downgrade its US credit rating isn’t surprising—it’s overdue. What’s astonishing is that the Republican Congress triggered this move by entertaining a $5 trillion deficit expansion over the next 10 years in the same breath as already running a $20 trillion shortfall over that period.

This isn’t just a warning about long-term debt anymore. It’s a rebuke of a political system that is no longer even pretending to budget responsibly. Adding 25 percent to the national debt on top of a structurally unsound fiscal path is like accelerating toward a cliff and calling it progress.

In August 2023, when Fitch downgraded its rating of US credit, Boccia joined on the Cato Daily Podcast to discuss: Will Credit Downgrades Spur Greater Interest in a BRAC-like Fiscal Commission?

If you would like to speak with Boccia, please contact pr@​cato.​org to set up an interview.