Rein in DeficitsRein 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
Letters & Testimony

Bipartisan Coalition Sends Letter to Armed Services With Final NDAA Recommendations

October 16, 2014

TCS joined a coalition of groups in making money-saving recommendations to save Defense dollars.... Read More

Press Releases

Budget Watchdog Documents Low Federal Effective Tax Rates for Large Oil and Gas Companies

July 31, 2014

Effective Tax Rates of Oil and Gas Companies: Cashing in on Special Treatment report finds variety of special tax provisions allows companies to defer billions in taxes... Read More

Letters & Testimony

Letter to Senate Appropriations Committee: Reject more funding for F-35

July 17, 2014

This week the Senate Appropriations Committee began its consideration of H.R. 4870, the appropriations bill for the Department of Defense... Read More

Letters & Testimony

Cut Back Needless Fossil Subsidies in Energy and Water Bill

July 10, 2014

Cut Back Needless Fossil Subsidies in Energy and Water Bill The Green Scissors coalition urges support for the amendment offered by Rep. Jackie Speier to reduce the Fossil R&D account to FY 2014 levels.... Read More

Letters & Testimony

Support common sense amendments to the Energy and Water Appropriations bill

July 09, 2014

Support common sense amendments to the Energy and Water Appropriations bill Taxpayers for Common Sense recommends an “aye” vote on the following amendments.... Read More

Our Take

TCS Analysis of President’s Supplemental Budget Request

July 08, 2014

TCS Analysis of President’s Supplemental Budget Request Today the Administration submitted to the Congress an emergency supplemental request for $4.3 billion. Here's our ongoing analysis.... Read More

More in-depth material from TCS in Rein in Deficits
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

Fact Sheets

Just the facts about Border “Security” and Immigration Reform

May 27, 2014

Immigration reform is a perennial topic at the forefront of the political discourse in Washington. The media reports that there is movement... Read More

TCS appearances in the media in Rein in Deficits

The Cost of Fighting ISIS

October 16, 2014 | WJLA

Ellis interview October 14, 2014 Prior to the start of airstrikes in Syria and Iraq the Pentagon had been trying to make budget cuts to... Read More

Sensible Defense Budget Savings

October 15, 2014 | US News & World Report

There is a multi-billion dollar elephant in the room where Pentagon budget deals are made and broken. The name of that elephant is... Read More

Time to Get Real About the F-35

October 08, 2014 | Huffington Post

I understand the reluctance to simply walk away from the Pentagon's plan to buy a fleet of Lockheed Martin F-35 Lightning Joint Strike... Read More

Barack Obama Says Deficit Fell from 10 Percent of GDP to 3 Percent on His Watch

October 07, 2014 | Politifact

During a speech at Northwestern University on Oct. 2, 2014, President Barack Obama offered a rosy -- if cautious -- view on the state of the... Read More

Making Exceptions to Austerity Rules

October 06, 2014 | CQ Roll Call

In an era of budget austerity,some agencies and programs seem to be immune from spending cuts on Capitol Hill. These favored agencies have... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

October 03, 2014

Bribing to Subsidize

Volume XIX No.40 Starting the fiscal year off with a bang, the U.S. Department of Agriculture (USDA)... Read More

The Unaffordable F-35