With U.S. Interest Costs Skyrocketing, Voters Overwhelmingly Call for Fiscal Commission
As a new House Speaker takes the helm and Congress faces another looming government shutdown deadline, U.S. voters are focused on big-picture fiscal challenges, including the growing burden of interest costs.
New polling by Democratic firm Global Strategy Group and Republican firm North Star Opinion Research shows that voters are deeply concerned about interest costs eating up more and more of the federal budget. Moreover, there is overwhelming bipartisan support for the creation of a dedicated commission to recommend fiscal solutions.
On Capitol Hill, as Congress has drifted from one fiscal crisis to the next, there is growing momentum for a dedicated process to tackle our debt with lawmakers on both sides of the aisle expressing support. Late last month, a bipartisan group of leaders introduced legislation to establish a commission to recommend a comprehensive package of spending and revenue reforms to stabilize our fiscal outlook.
Further Reading
What Are Interest Costs on the National Debt?
Interest costs are on track to become the largest category of spending in the federal budget.
Healthcare Costs Are a Major Driver of the National Debt and Here’s the Biggest Reason Why
Improving the U.S. healthcare system will be crucial to providing quality, affordable healthcare and to bettering our nation’s long-term economic and fiscal well-being.
House Reconciliation Bill Would Add Trillions to the National Debt
The bill would increase debt by $3.0 trillion over the next 10 years, driving it from nearly 100 percent of GDP now to 124 percent of GDP by 2034.