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

The Shutdown’s Real Lesson: Government Has Taken Hostage Too Much of the Economy

By Chris Edwards. MarketWatch. January 10, 2019.

How Can a Bankrupt Republic Run the World?

By Doug Bandow. Orange County Register. January 2, 2019.

Washington’s Short-Term Thinking Won’t Head off the Coming Debt Crisis

By Michael D. Tanner. National Review (Online). December 12, 2018.

Cato Studies

The Budgetary Effects of Ending Drug Prohibition

By Jeffrey Miron. Tax and Budget Bulletin No. 83. July 23, 2018.

Budget Restraints That Work: Lessons from Chile, Switzerland, the United Kingdom, and the United States

By Ryan Bourne. Tax and Budget Bulletin No. 81. February 21, 2018.

Would More Government Infrastructure Spending Boost the U.S. Economy?

By Ryan Bourne. Policy Analysis No. 812. June 6, 2017.

Articles

The Benefits of Integrating the Personal and Corporate Tax Codes

Ike Brannon. Bloomberg BNA: Daily Tax Report. December 4, 2017.

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.

Public Filings

Trump Administration Efforts to Reform and Cut the Government

By Chris Edwards. Testimony. September 13, 2017.

Department of Energy Loan Programs

By Chris Edwards. Testimony. February 15, 2017.

How the Compact for America Approach Strengthens the Article V Process

By Ilya Shapiro. Testimony. May 25, 2016.

Cato Reviews & Journals

Can We Cut Government Spending?

Ryan Murphy. Regulation. Summer 2018.

Regulation and Big-Firm Capitalism

Bruce Yandle. Regulation. Fall 2017.

32. Cutting Federal Spending

Cato Handbook for Policymakers. Cato Handbook for Policymakers, 8th Edition (2017).

Events

Rethinking America’s Highways

Featuring Robert W. Poole Jr., Jonathan Gifford, and Chris Edwards. September 7, 2018. Capitol Hill Briefing.

Home Stretch for Major Tax Reform?

Featuring Grover Norquist, Alex Brill, Chris Edwards, & Ryan Bourne. October 26, 2017. Capitol Hill Briefing.

Major Tax Reform in 2017?

Featuring J.D. Foster, Jason J. Fichtner, Chris Edwards, Ryan Bourne, & Peter Russo. May 15, 2017. Capitol Hill Briefing.

Downsizing the Federal Government

Economic Development Administration

By Chris Edwards and Tad DeHaven. April 2018.

Energy Subsidies

By Chris Edwards. December 2016.

Privatizing Amtrak

By Chris Edwards. October 2016.