29 Sep BPC Action Commends Bipartisan Fiscal Commission Effort in Budget and Appropriations, Economics and Finance
BPC Action commends the leadership of Reps. Bill Huizenga (R-MI) and Scott Peters (D-CA), co-chairs of the Bipartisan Fiscal Forum, for introducing new legislation that would create a commission to address the nation’s unsustainable fiscal trajectory and tackle the real drivers of our federal debt that current budget debates are ignoring.
In an era of divided government, a fiscal commission would encourage Congress to address in a bipartisan, bicameral manner one of the most ominous challenges facing the country.
As home of the original Domenici-Rivlin Debt Reduction Task Force, the Bipartisan Policy Center has extensive experience in this space. We look forward to working with the co-sponsors of this legislation, other members of Congress, and a supportive, ideologically diverse cadre of budget experts to inform the design of any future commission so that it stands the greatest chance of garnering public support, legislative success, and long-term impact.
As the nation’s fiscal health continues to erode, the focus should be on ending the trend of budgeting by fiscal crisis. Along with a commission to outline America’s massive debt challenge and potential solutions, policymakers should focus on fixing the broken budget process, while eliminating the threat of future shutdowns and the potential of a U.S. default.
BPC and BPC Action stand ready to help usher solutions that can bring everyone to the table.