Yes, Fiscal Commissions Can Succeed with a Committed Congress
"The single most crucial ingredient in a successful commission is complete buy-in from the leadership of both parties," writes Brian Riedl
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"The single most crucial ingredient in a successful commission is complete buy-in from the leadership of both parties," writes Brian Riedl
"Establishing a bipartisan fiscal commission could be the first step towards breaking this fiscal deadlock and setting national priorities," writes Ben Ritz
https://www.pgpf.org/expert-views/fiscal-commission/setting-up-a-fiscal-commission-for-success
"A fiscal commission is most likely to succeed if the broader public is involved in the process," writes Sita Slavov.
"A fiscal commission will not obviate lawmakers’ responsibility to make hard choices, but it will make those choices easier to understand and explain to voters," writes Mark Zandi
https://www.pgpf.org/expert-views/fiscal-commission/a-way-to-brighten-americas-dark-fiscal-outlook
"The rise in the cost of servicing the debt is the significant challenge . . . threatening to crowd out federal spending priorities," writes Dana M. Peterson and Lori Esposito Murray.
https://www.pgpf.org/expert-views/fiscal-commission/the-debt-crisis-is-here
“It’s very encouraging to see bipartisan, bicameral support for a fiscal commission to recommend solutions to our $33 trillion and growing national debt."
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
“Across party lines, overwhelming majorities of voters are deeply concerned about the $33 trillion and growing national debt, and they want their leaders to take action,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/10/fci-press-release
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2023