In some instances it makes good economic sense to run a short-term deficit. But consistent and growing deficits and national debt can hurt the economy. Our Constitution mandates that Congress pass a federal budget every year. It is up to Congress to cut spending and raise revenue in order to stop running a deficit year after year. Over the next few years, lawmakers must begin reducing the national debt and put in place a credible long-term plan to keep the federal budget in balance.
Explore the Rein in Deficits Program-
Rein in Deficits
Defense Cuts Necessary Step to Control Deficit
Defense consumes nearly 60 percent of the discretionary budget ...

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National Security
Defense Savings Strengthen Our Economic Security
Congress can help protect our nation’s economic security by pursuing a minimum of $50 to $100 billion in annual Pentagon budget savings...

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Increase Transparency
TCS Statement on the Fiscal Cliff Deal
Congress and the President went bungee jumping off the cliff and are going to be in the same position in just a few short months ...

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Letters & Testimony | Earmarks & Appropriations
Use Common Sense to Rappel the Fiscal Cliff
Read our letter to President Obama, Speaker Boehner, and Leader Reid: We write to offer specific suggestions for how...

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Reports & Data | National Security
Spending Even Less, Spending Even Smarter
Details nearly $700 billion in savings over the next ten years, including cuts to wasteful weapons systems. ...

The federal government usually runs an annual budget deficit, which is measured by the difference between the amount of money it spends and it receives in a given year. Each year’s deficit is added to the total amount the government owes to creditors, known as the national debt. ...More
Energy and Water Spending Bill Passes Subcommittee
June 18, 2013
The House Appropriations Subcommittee on Energy and Water Development, and Related Agencies voted today to pass the fiscal year 2014 Energy...
Reject House Farm Bill: Costs 60% More Than Last Bill
June 17, 2013
Today, TCS sent a letter to the House opposing the trillion dollar farm bill, HR 1947....
Joint Letter to the House: Reduce Wasteful Pentagon Spending
June 14, 2013
June 13, 2013
Dear Representative:
We, the leaders of our undersigned organizations...
TCS Statement on Passage of 2013 Senate Farm Bill
June 10, 2013
Statement of Ms. Ryan Alexander, president of Taxpayers for Common Sense, on passage of the 2013 Senate farm bill. ...
Fighting Deficit Reduction
May 20, 2013
The most recent Congressional Budget Office (CBO) score of the Senate Agriculture Committee’s $955 billion farm bill continues to show the...
Letter to the Senate: Oppose Fiscally Irresponsible Amendments to S. 601, Water Resources Development Act of 2013
May 13, 2013
This bill is irresponsible and we urge you to oppose it and amendments that will make the bill worse....
Bringing Sequester in for a Landing: Congress on Verge of Avoiding FAA Furloughs with Budget Gimmicks
April 25, 2013
Update (9:03 pm): The Senate has gone with option 1 (see below), allowing for the transfer of $250 million from the Airport Improvement...
Path to Trillion Dollar Farm Bills
March 04, 2013
Not only have recent farm bills come in significantly over-budget, but they have also doubled in cost over the past decade. ...
Taxpayer Subsidies for Small Modular Reactors
February 27, 2013
The Department of Energy (DOE) is asking Congress to provide hundreds of millions in subsidies to commercialize small modular reactors...
Energy Tax Breaks Catch Ride on Fiscal Cliff Train
January 03, 2013
At the 11th hour lawmakers and the White House agreed to a deal on the fiscal cliff. While the deal was crafted to address urgent tax hikes...
Coastal lawmakers, fearing rate hikes, cross party lines to keep flood insurance subsidies
June 11, 2013 | Environment & Energy Publishing
Nearly a year after Congress was hailed for moving to fix the debt-ridden flood insurance program, coastal lawmakers are trying to stall key...
Growing Economy Absorbing Sequestration Cuts
June 04, 2013 | Fox Business
Sequestration, the mandated across-the-board budget cuts activated in March, has not triggered the financial apocalypse predicted by...
Beware of the Beach House Bailout
May 29, 2013 | Biloxi Sun Herald
Six months ago, Hurricane Sandy devastated the Mid-Atlantic and Northeast coast and, $60 billion dollars later, taxpayers continue to pay...
Should Emergency Disaster Relief Funding Be Offset With Budget Cuts?
May 24, 2013 | U.S. News
A devastating tornado struck Moore, Okla. and surrounding areas on Monday, killing dozens and leaving little but rubble in its wake....
Delay sought on hike in premiums
May 23, 2013 | Newsday
U.S. Sens. Charles Schumer and Kirsten Gillibrand are throwing their support behind a bill to delay steep increases in flood insurance...
