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

TCS Analysis of President’s FY2016 Budget

February 02, 2015

TCS Analysis of President’s FY2016 Budget Taxpayers for Common Sense staff will be combing through the President's budget over the next several hours and days, explaining what the... Read More

Our Take

Congressional Scorekeeper Releases Budget Outlook

January 26, 2015

Congressional Scorekeeper Releases Budget Outlook Today the Congressional Budget Office (CBO) released its annual report on the federal government’s budget and economic outlook, and the text... Read More

Our Take

Top 10 Tax Cherries On Top of the CROmnibus

December 17, 2014

Top 10 Tax Cherries On Top of the CROmnibus Fresh off their $1.1 trillion CROmnibus high, the Senate approved a bill providing dozens of tax breaks to special interests. The tax... Read More

Our Take

Stocking Stuffers in CROmnibus’ Pentagon Spending

December 12, 2014

Stocking Stuffers in CROmnibus’ Pentagon Spending The Pentagon portion of the CROmnibus is liberally sprinkled with funding for programs the Pentagon either wants to end or never asked for in... Read More

Our Take

CROmnibus Analysis Blog

December 09, 2014

CROmnibus Analysis Blog The eagerly anticipated CROmnibus, that will provide funding for the federal government for fiscal year 2015, has finally been... Read More

Letters & Testimony

Letter to Congress: Tax Extenders Extend Deficits

December 03, 2014

Letter to Congress: Tax Extenders Extend Deficits TCS letter to the House of Representatives outlining a better approach to tax extenders going forward. ... Read More

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

Taxpayers are losing millions on natural gas extracted from federal land

November 19, 2014

The Bureau of Land Management (BLM) within the Department of the Interior (DOI) manages both leasing on federal lands and leasing of federal... 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

Fact Sheets

Pre-cursor Earmarks (?) in the Defense Bill

June 12, 2014

Taxpayers for Common Sense combed through the National Defense Authorization legislation, as it was passed by the House of Representatives,... Read More

TCS appearances in the media in Rein in Deficits

Terrorism Risk Insurance Program

January 27, 2015 | Capital Insider

The initiative was created after the tragic events of September 11, 2001. The program expired at the end of December, but its back... Read More

Funding New Submarines Outside the Navy?

January 12, 2015 | Daily Press (Newport News, VA)

Newport News Shipbuilding has a stake in a new and potentially divisive method for funding a future class of submarine, a project considered... Read More

How Congress Can Get Serious about the Budget

January 07, 2015 | U.S. News & World Report

The 114th Congress begins this week, marking an opportunity for a fresh start to tackle old problems. The 112th and 113th Congresses both made... Read More

Congress, May I?

December 24, 2014 | U.S. News & World Report

The latest defense authorization bill prevents the Pentagon from making money-saving reforms.... Read More

Republicans eye obscure budget tool to repeal ObamaCare

December 23, 2014 | The Hill

Republicans on and off Capitol Hill are rallying behind using a rarely deployed budget tool next year to dismantle ObamaCare. But the issue... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

January 23, 2015

Dividends of Doing It Differently

Reaction to the President’s State of the Union speech was swift and predictable. Democrats lauded his proposals... Read More

Our Take

TCS Analysis of President’s FY2016 Budget

February 02, 2015

Weekly Wastebasket

The Plane That’s Eating the Pentagon

February 27, 2015

Letters & Testimony

Fiscal Conservatives Urge Adherence to Budget Control Act

February 27, 2015

Letters & Testimony

Letter to DOE: Cut Funding for CCS Projects, Like FutureGen

February 27, 2015

Our Take

Upcoming Administrative Actions on Methane

February 26, 2015