The federal government is spending too much, running large deficits, and heading toward a financial crisis. If government spending is not cut, average working families will face huge tax increases that dwarf anything seen in decades. Tax increases would damage the economy and be strongly resisted by the public. As a consequence, policymakers need to begin identifying programs in the federal budget that can be cut, terminated, transferred to the states, or privatized.

More on Federal Budget Policy

Commentary

Government Debt: Jefferson and Gallatin Were Right

By Chris Edwards. Daily Caller. June 30, 2015.

Generous with Someone Else’s Money

By Doug Bandow. Foundation for Economic Education. June 29, 2015.

A So-So Republican Budget

By Michael D. Tanner. National Review (Online). May 27, 2015.

Cato Studies

The Federal Emergency Management Agency: Floods, Failures, and Federalism

By Chris Edwards. Policy Analysis No. 764. November 18, 2014.

How to Spend $3.9 Trillion

By Chris Edwards. Tax and Budget Bulletin No. 69. February 14, 2014.

Privatizing the Transportation Security Administration

By Chris Edwards. Policy Analysis No. 742. November 19, 2013.

Articles

Infrastructure Investment

Chris Edwards. Policy Priorities for the 114th Congress. 2015.

Forget the Fiscal Cliff and the Fear the Debt Crisis

Doug Bandow. The Wainwright Perspective. February 21, 2013.

How Cutting Pentagon Spending Will Fix U.S. Defense Strategy

Benjamin H. Friedman. Foreign Affairs. November 2, 2011.

Public Filings

Cato Reviews & Journals

A Nation Wholly Free: The Elimination of the National Debt in the Age of Jackson

Chris Edwards. Cato Journal. Spring/Summer 2015.

Tight Budgets Constrain Some Regulatory Agencies, but Not All

Susan E. Dudley and Melinda Warren. Regulation. Fall 2014.

OMB’s Reported Benefits of Regulation: Too Good to Be True?

Susan E. Dudley. Regulation. Summer 2013.

Events

The Pentagon Budget: Prospects for Reform

Featuring Christopher A. Preble. March 16, 2015. Policy Forum.

Federal Budget Outlook: It’s Worse Than You Think

Featuring Chris Edwards and Daniel J. Mitchell. July 31, 2014. Capitol Hill Briefing.

At the Brink: Will Obama Push Us Over the Edge?

Featuring John R. Lott, Jr. and David Boaz. April 19, 2013. Book Forum.

Downsizing the Federal Government