Proven Strategies to Restrain Spending: An International Perspective

Because of an aging population and poorly designed entitlement programs, the burden of federal spending is projected to increase dramatically over the next few decades. Some lawmakers have proposed versions of a balanced budget amendment to avert this future fiscal crisis, but evidence strongly suggests that spending caps are the most effective way to address the problem. The Cato Institute has brought together three experts to talk about the world’s most successful spending caps.