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.

Explore the Rein in Deficits Program Explore Rein in Deficits Close
All the latest content from TCS in Rein in Deficits
Letters & Testimony

Letter: How to Vote for Taxpayers on NDAA Amendments

May 15, 2015

Letter: How to Vote for Taxpayers on NDAA Amendments On Thursday, as the House of Representatives debated the National Defense Authorization Act (NDAA), H.R. 1735, members offered a number of... Read More

Our Take

Secretary of Defense Ashton Carter Is Singing Our Song

May 07, 2015

Secretary of Defense Ashton Carter Is Singing Our Song They say imitation is the most sincere form of flattery. If so, the Talking Heads were pleased to see this quote from the Secretary of Defense... Read More

Our Take

House Passes FY2016 Energy and Water Spending Bill

May 04, 2015

House Passes FY2016 Energy and Water Spending Bill After being introduced on the floor of the House of Representatives on Monday, April 27 and a week of segmented debate, the fiscal year (FY)... Read More

Letters & Testimony

TCS and NTU Urge Support for Mulvaney-Van Hollen Amendments

April 30, 2015

TCS and NTU Urge Support for Mulvaney-Van Hollen Amendments In a letter to the House on Thursday, TCS and the National Taxpayers Union (NTU) urged members to support the amendments offered by Rep.s Mick... Read More

Our Take

Buildings to Fight ISIS? OCO Spending in Military Construction Appropriations

April 30, 2015

Buildings to Fight ISIS? OCO Spending in Military Construction Appropriations Representatives Van Hollen (D-MD) and Mulvaney (R-SC) are sponsoring amendments to cut several overseas military construction projects from... Read More

Our Take

TCS analysis of National Defense Authorization bill for Fiscal Year 2016

April 28, 2015

TCS analysis of National Defense Authorization bill for Fiscal Year 2016 New Budgetary Shell Game The House Armed Services Committee bill to authorize spending for the Pentagon in Fiscal Year (FY) 2016 includes an... 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

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

TCS appearances in the media in Rein in Deficits

Budget Gimmicks Are the New Normal

May 20, 2015 | U.S. News & World Report

Budget gimmicks seem to be the new normal in Washington. Straightforward budgeting, where the president proposes and the Congress disposes,... Read More

Does Florida Take Billions More from Washington Than It Gives?

May 18, 2015 | Politifact Florida

The statement "Florida sends $135 billion and D.C. returns $150 billion." Rep. Debbie Mayfield, R-Vero Beach, May 4 on Twitter The... Read More

Odd Couple Asks EPA for Carbon Tax

May 18, 2015 | Washington Examiner

A riddle: A left-wing environmental organization and a free-market policy group enter the Environmental Protection Agency. What do they... Read More

Pentagon’s $90 Billion ‘Slush Fund’ Comes Under Attack

May 12, 2015 | The Fiscal Times

An obscure Pentagon account that has powered the U.S. war effort in the Middle East since shortly after the 9-11 attacks is at the center of a... Read More

Congress Should Stop Playing Games with the Pentagon Budget

May 06, 2015 | The Huffington Post

Ever since the Budget Control Act of 2011 placed caps on the Pentagon's base budget, Congress and the Obama administration have been using... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

May 22, 2015

Paving the Way with Gimmicks

Right before lawmakers in the House of Representatives headed home for Memorial Day events, parades, and... Read More