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

Energy and Water Spending Bill Passes Subcommittee

June 18, 2013

Energy and Water Spending Bill Passes Subcommittee The House Appropriations Subcommittee on Energy and Water Development, and Related Agencies voted today to pass the fiscal year 2014 Energy... Read More

Letters & Testimony

Reject House Farm Bill: Costs 60% More Than Last Bill

June 17, 2013

Reject House Farm Bill: Costs 60% More Than Last Bill Today, TCS sent a letter to the House opposing the trillion dollar farm bill, HR 1947.... Read More

Letters & Testimony

Joint Letter to the House: Reduce Wasteful Pentagon Spending

June 14, 2013

Joint Letter to the House: Reduce Wasteful Pentagon Spending      June 13, 2013 Dear Representative: We, the leaders of our undersigned organizations... Read More

Statements

TCS Statement on Passage of 2013 Senate Farm Bill

June 10, 2013

TCS Statement on Passage of 2013 Senate Farm Bill Statement of Ms. Ryan Alexander, president of Taxpayers for Common Sense, on passage of the 2013 Senate farm bill. ... Read More

Our Take

Fighting Deficit Reduction

May 20, 2013

Fighting Deficit Reduction The most recent Congressional Budget Office (CBO) score of the Senate Agriculture Committee’s $955 billion farm bill continues to show the... Read More

Letters & Testimony

Letter to the Senate: Oppose Fiscally Irresponsible Amendments to S. 601,  Water Resources Development Act of 2013

May 13, 2013

Letter to the Senate: Oppose Fiscally Irresponsible Amendments to S. 601,  Water Resources Development Act of 2013 This bill is irresponsible and we urge you to oppose it and amendments that will make the bill worse.... Read More

More in-depth material from TCS in Rein in Deficits
Policy Brief

Bringing Sequester in for a Landing: Congress on Verge of Avoiding FAA Furloughs with Budget Gimmicks

April 25, 2013

Bringing Sequester in for a Landing: Congress on Verge of Avoiding FAA Furloughs with Budget Gimmicks Update (9:03 pm): The Senate has gone with option 1 (see below), allowing for the transfer of $250 million from the Airport Improvement... Read More

Fact Sheet

Path to Trillion Dollar Farm Bills

March 04, 2013

Path to Trillion Dollar Farm Bills Not only have recent farm bills come in significantly over-budget, but they have also doubled in cost over the past decade. ... Read More

Policy Brief

Taxpayer Subsidies for Small Modular Reactors

February 27, 2013

Taxpayer Subsidies for Small Modular Reactors The Department of Energy (DOE) is asking Congress to provide hundreds of millions in subsidies to commercialize small modular reactors... Read More

Policy Brief

Energy Tax Breaks Catch Ride on Fiscal Cliff Train

January 03, 2013

Energy Tax Breaks Catch Ride on Fiscal Cliff Train At the 11th hour lawmakers and the White House agreed to a deal on the fiscal cliff. While the deal was crafted to address urgent tax hikes... Read More

TCS appearances in the media in Rein in Deficits

Coastal lawmakers, fearing rate hikes, cross party lines to keep flood insurance subsidies

June 11, 2013 | Environment & Energy Publishing

Nearly a year after Congress was hailed for moving to fix the debt-ridden flood insurance program, coastal lawmakers are trying to stall key... Read More

Growing Economy Absorbing Sequestration Cuts

June 04, 2013 | Fox Business

Sequestration, the mandated across-the-board budget cuts activated in March, has not triggered the financial apocalypse predicted by... Read More

Beware of the Beach House Bailout

May 29, 2013 | Biloxi Sun Herald

Six months ago, Hurricane Sandy devastated the Mid-Atlantic and Northeast coast and, $60 billion dollars later, taxpayers continue to pay... Read More

Should Emergency Disaster Relief Funding Be Offset With Budget Cuts?

May 24, 2013 | U.S. News

A devastating tornado struck Moore, Okla. and surrounding areas on Monday, killing dozens and leaving little but rubble in its wake.... Read More

Delay sought on hike in premiums

May 23, 2013 | Newsday

U.S. Sens. Charles Schumer and Kirsten Gillibrand are throwing their support behind a bill to delay steep increases in flood insurance... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

March 22, 2013

Transparently Wasteful Earmarks

During a Senate Committee meeting on the massive water policy and projects bill for the Army Corps of... Read More