Some members of Congress are committed to holding the line on spending, but they face opposition from others more focused on busting spending caps and securing funds for pork programs. Yet federal deficits are soaring, and inefficient spending impedes economic growth by crowding out better state, local, and private alternatives.

Sen. James Lankford (R-OK), on the discretionary side, has created a new and updated list of wasteful spending programs in his latest report, Federal Fumbles: 100 Ways the Government Dropped the Ball, vol. 3. Join the senator and leading budget experts to discuss the report and ways that fiscal hawks can cut unneeded spending today and set up responsible spending reforms for the future. Fortunately, around the world practical and successful systems are in place that U.S. lawmakers could, and should, consider emulating.