Rein in Deficits

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

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.

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All the latest content from TCS in Rein in Deficits
Our Take

The President’s FY2017 Budget - TCS Analysis

February 08, 2016

The President’s FY2017 Budget - TCS Analysis Ongoing analysis of President Obama's final budget request for FY 2017 and insight into what it all means for taxpayers.... Read More

Our Take

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers

January 12, 2016

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers Arch Coal's $450 million in self-bonded reclamation costs could fall onto taxpayers' backs now that the company has declared bankruptcy.... Read More

Our Take

FY2016 Taxibus - TCS Analysis Blog

December 16, 2015

FY2016 Taxibus - TCS Analysis Blog Ongoing analysis of the FY2016 Taxibus - the tax extenders and omnibus appropriations package recently released by Congress...... Read More

Our Take

Prohibitions and Limitations and Contingencies, Oh My!

November 05, 2015

Prohibitions and Limitations and Contingencies, Oh My! The “final” version of the Pentagon policy bill is making its way, step by painful step, through the Congress this week. Why are we putting... Read More

Our Take

Bipartisan Budget Agreement Harvests Crop Insurance Savings

October 28, 2015

Bipartisan Budget Agreement Harvests Crop Insurance Savings It looks like crop insurance special interests are trying to scuttle one of the only provisions in the Bipartisan Budget Agreement of 2015... Read More

Our Take

Bipartisan Budget Agreement of 2015 - TCS Analysis

October 27, 2015

Bipartisan Budget Agreement of 2015 - TCS Analysis Oct. 30, 2015 - 10:00am On Wednesday night, the House passed an amended version of the Bipartisan Budget Agreement (BBA) that increases the... Read More

More in-depth material from TCS in Rein in Deficits
Reports & Data

Common Sense Cuts for the 114th Congress

April 15, 2015

Silencing Sequester Scaremongers with $2 trillion in Deficit Reduction... Read More

Reports & Data

Report: Burning Money

November 19, 2014

Taxpayers are losing millions on natural gas extracted from federal land.... Read More

Reports & Data

Effective Tax Rates of Oil & Gas Companies: Cashing in on Special Treatment

July 30, 2014

From 2009 through 2013, large U.S.-based oil and gas companies paid far less in federal income taxes than the statutory rate of 35 percent.... Read More

Fact Sheets

$58 billion “Emergency” Overseas Operations Spending equals 5th Largest Federal Agency

June 30, 2014

At Taxpayers for Common Sense, we don’t advocate cutting federal spending in one department or agency and moving it to another. But... Read More

TCS appearances in the media in Rein in Deficits

Memo to Defense: Budgets Aren’t Bottomless

February 02, 2016 | U.S. News & World Report

It's been just a couple of months since the Bipartisan Budget Act of 2015 was passed by the Congress and signed by the president. Spending... Read More

CBO: Act Now on the Budget Deficit Or Else

January 21, 2016 | Capital Insider

The Congressional Budget Office released a sobering report on Tuesday. It finds this year's budget deficit will rise to $544 billion -- an... Read More

Fiscal Failures

January 12, 2016 | U.S. News & World Report

The president delivers his final State of the Union this evening. I expect we will hear a lot about those accomplishments that he feels most... Read More

7 Unbelievable Ways the Government Wasted Your Money in 2015

December 23, 2015 | The Fiscal Times

Congress’s approval last week of $1.15 trillion of new spending and $622 billion of special tax breaks before most lawmakers had a chance to... Read More

Why Deficit Hawks Are Missing In Action on Budget, Tax Bills

December 21, 2015 | The Christian Science Monitor

Congress is about to add hundreds of billions of dollars to the national budget deficit, yet the “deficit hawks” on Capitol Hill are largely... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 12, 2016

Budgeting for the Last Time

The final budget of President Obama’s tenure was released this week. Coming out on Fat Tuesday was appropriate... Read More

TCS Celebrates 20th Anniversary