Bipartisan Commission To Address America’s $34 Trillion Debt Faces Uncertain Future In Congress

A bipartisan commission to tackle the federal government’s growing $34.6 trillion debt appears to be facing an uphill battle in Congress despite being a Day 1 priority for newly elected House Speaker Mike Johnson (R-LA). The proposal has faced vocal opposition from both the right and the left effectively extinguishing its chances of moving forward.

The collapse of the commission underscores the challenges lawmakers face in addressing the nation’s swelling debt particularly in an election year. Many Democrats and left-leaning advocacy groups oppose the commission fearing it would recommend cuts to Social Security benefits while some Republicans and right-leaning groups are against it as well fearing the panel would recommend tax increases.

Rep. Jodey Arrington (R-TX) chairman of the House Budget Committee expressed disappointment at the lack of momentum for the commission. “The speaker supported it endorsed it from the outset. But I think there are some outside groups that have weighed in that have said that this is a backdoor way to raise taxes and it scared some of my Republican colleagues,” Arrington said.

Sen. Joe Manchin (D-WV) sponsor of the debt commission bill in the Senate was even more pessimistic. “No one seems to care,” Manchin said. “It’s a shame $34.6 trillion in debt. No one cares about it.”