February 26, 2013
In the months to come, policymakers will be making critical decisions about how to reduce the federal budget deficit. The decisions pose significant political and economic challenges, but also create a rare window of opportunity for policymakers to decide what kinds of programs and investments our country values and what sort of society we will create for future generations.
To this end, The Hamilton Project asked leading experts from a variety of backgrounds — the policy world, academia, and the private sector, and from both sides of the political aisle — to come up with policy proposals that address ways to achieve responsible deficit reduction.
15 Ways to Save the Federal Budget
The mandate was to describe pragmatic, evidenced-based proposals that would both reduce the deficit and bring broader economic benefits. The 15 proposals that resulted from this challenge are included in The Hamilton Project’s 15 Ways to Rethink the Federal Budget.
The papers, while not intended to cover every budget category, nevertheless take on a wide-ranging set of topics, including immigration, transportation, health care, defense spending, and tax expenditures, and include options to reduce mandatory and discretionary expenditures, raise revenues, and improve government efficiency.
This material has been adapted with permission from a piece on the