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

Subcommittee Passes FY2016 Energy & Water Spending Bill

April 15, 2015

Subcommittee Passes FY2016 Energy & Water Spending Bill Our Take: House Energy and Water Spending Bill FY2016 Passed by Appropriations Subcommittee On April 15th, the House Appropriations Energy... Read More

Our Take

Military Unfunded (and Unexplained) Priority List

April 01, 2015

Military Unfunded (and Unexplained) Priority List It’s Spring, finally. The promise of cherry blossoms fills the air in Washington. It’s also that time of year in the nation’s capital when a... 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

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

Why Is Rand Paul Working with Barbara Boxer on a Hated Transportation Policy?

April 23, 2015 | National Journal

In the middle of an April 7 speech announcing his candidacy for president, Rand Paul dropped an unusually specific bit of policy. "We'll... Read More

Without Funding Boost, Navy Shipbuilding Plan Runs Aground

April 09, 2015 | Daily Press

NEWPORT NEWS -- On the surface, the Navy's new 30-year shipbuilding plan looks like smooth sailing for Huntington Ingalls Industries and other... Read More

Fixing Medicare Costs

April 06, 2015 | Capital Insider

Congress has finally decided on a permanent fix for the "sustainable growth rate formula," a major issue facing Medicare re-imbursement. The... Read More

Defense Spending Has Dropped 21 Percent since 2010, Rubio Says

April 01, 2015 | Politifact

Even with combat in Iraq and Afghanistan officially over, potential presidential hopeful Sen. Marco Rubio is calling for a reversal of a... Read More

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

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

April 17, 2015

Silencing Sequester Scaremongers

Before getting into the substance of this wastebasket, a little history is in order. In the wake of the 2010... Read More