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

Congress Making Defense Slush Fund Slushier

March 25, 2015

Congress Making Defense Slush Fund Slushier In the House and Senate budget resolutions, lawmakers are funneling $38 billion more into the Pentagon's slush fund than the Pentagon... Read More

Our Take

Senate Budget Committee Holds Hearing on The Benefits of a Balanced Budget

March 23, 2015

Senate Budget Committee Holds Hearing on The Benefits of a Balanced Budget At a March 11th Senate Budget Committee hearing on the benefits of a balanced budget, lawmakers discussed government waste, corporate welfare,... Read More

Our Take

DOI Budget Hearing: Lawmakers Discuss Coal Royalties, Methane, and Oil and Gas Leasing

March 20, 2015

DOI Budget Hearing: Lawmakers Discuss Coal Royalties, Methane, and Oil and Gas Leasing March 5th House Natural Resources Committee hearing on DOI’s FY2016 budget request... Read More

Our Take

House Appropriations Interior Subcommittee questions USFS Chief on FY2016 Budget Request

March 20, 2015

House Appropriations Interior Subcommittee questions USFS Chief on FY2016 Budget Request On March 3rd, the House Appropriations Interior Subcommittee held a hearing to examine the U.S. Forest Service (USFS)’s FY2016 budget request.... Read More

Our Take

Forest Service FY2016 Budget Request Examined by Senate Energy and Natural Resources Committee

March 19, 2015

Forest Service FY2016 Budget Request Examined by Senate Energy and Natural Resources Committee Senate Energy and Natural Resources Committee held a hearing to examine the U.S. Forest Service (USFS)’s FY2016 budget request... 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

Hous GOP Approves Budget to Hike Defense, Slash Safety-Net Programs

March 27, 2015 | The Los Angeles Times

House Republicans pushed past their internal divisions to approve a budget blueprint Wednesday, putting the new Congress on track to notch a... Read More

5 Gimmicks in the GOP’s “Gimmick-Free” Budget

March 18, 2015 | The Fiscal Times

The new House GOP budget for fiscal 2016 declares that “we do not rely on gimmicks or creative accounting tricks” to slash spending by $5.5... Read More

The House Republican Budget Is an Imperfect Step Forward

March 18, 2015 | Rare

Tuesday morning, the House Budget Committee released its 2016 Budget Resolution. The resolution is much better than the President’s most... Read More

House GOP Wants to Give Pentagon a Boost

March 18, 2015 | National Journal

here are plenty of ways Republicans could lose this year's massive intraparty fight over the budget. But so far there is at least one big... Read More

How Republicans Could Blow the Budget

March 17, 2015 | National Journal

It may be hard to believe, given the stumbles of the last three months, but the new Republican majority on Capitol Hill is about to face its... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

March 13, 2015

Thinking Positive on Tax Reform

“We live in very partisan times.” So begins Senate Finance Committee Chairman Orrin Hatch (R-UT) in a 340 page... Read More