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

Forest Service Budget Proposal Under Fire from Lawmakers

March 24, 2016

Forest Service Budget Proposal Under Fire from Lawmakers Forest Service Chief Tom Tidwell discussed the FS budget proposal and how it could affect taxpayers with lawmakers at hearings over the last few weeks.... Read More

Our Take

The President’s FY2017 Budget - TCS Analysis

February 08, 2016

The President’s FY2017 Budget - TCS Analysis Ongoing analysis of President Obama's final budget request for FY 2017 and insight into what it all means for taxpayers.... Read More

Our Take

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers

January 12, 2016

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers Arch Coal's $450 million in self-bonded reclamation costs could fall onto taxpayers' backs now that the company has declared bankruptcy.... Read More

Our Take

FY2016 Taxibus - TCS Analysis Blog

December 16, 2015

FY2016 Taxibus - TCS Analysis Blog Ongoing analysis of the FY2016 Taxibus - the tax extenders and omnibus appropriations package recently released by Congress...... Read More

Our Take

Prohibitions and Limitations and Contingencies, Oh My!

November 05, 2015

Prohibitions and Limitations and Contingencies, Oh My! The “final” version of the Pentagon policy bill is making its way, step by painful step, through the Congress this week. Why are we putting... Read More

Our Take

Bipartisan Budget Agreement Harvests Crop Insurance Savings

October 28, 2015

Bipartisan Budget Agreement Harvests Crop Insurance Savings It looks like crop insurance special interests are trying to scuttle one of the only provisions in the Bipartisan Budget Agreement of 2015... 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

Report: Burning Money

November 19, 2014

Taxpayers are losing millions on natural gas extracted from federal land.... 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

The Pentagon’s War on Accountability

May 25, 2016 | The Huffington Post

Now you see it, now you don’t. Think of it as the Department of Defense’s version of the street con game, three-card monte, or maybe simply... Read More

No Defense for This Budget Gambit

May 24, 2016 | U.S. News & World Report

It was only five weeks ago that I expressed optimism for some fiscal discipline on the part of the annual appropriations process. My fleeting... Read More

No More Fantasy Fiscal Plans

May 16, 2016 | U.S. News & World Report

For all of the public attention on the presidential election this year, very little of that attention has been paid to how the candidates will... Read More

Congress and Defense Spending

May 03, 2016 | Capital Insider

This week, House Armed Services Committee Chairman Rep. Mac Thornberry (R-TX) proposed an increase in the defense budget by billions of... Read More

Robins AFB Supporters Visit Capitol Hill Amid Rising Concerns

April 29, 2016 | The Tribune (San Luis Obispo, CA)

WASHINGTON - Georgia’s political and military powerbrokers gathered on Capitol Hill on Wednesday to voice their shared support for protecting... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

April 01, 2016

Fooled by Washington

Today is the 1st of April; the first day of the second quarter of the year. In Washington, Spring has sprung and... Read More

TCS Celebrates 20th Anniversary