{"id":2088758,"date":"2023-11-03T06:16:02","date_gmt":"2023-11-03T10:16:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/speaker-johnson-eyes-debt-commission-with-goal-of-righting-countrys-fiscal-ship\/"},"modified":"2023-11-03T06:16:55","modified_gmt":"2023-11-03T10:16:55","slug":"speaker-johnson-eyes-debt-commission-with-goal-of-righting-countrys-fiscal-ship","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/speaker-johnson-eyes-debt-commission-with-goal-of-righting-countrys-fiscal-ship\/","title":{"rendered":"Speaker Johnson aims to establish a debt commission to address the nation&#8217;s fiscal challenges."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fspeaker-johnson-eyes-debt-commission-with-goal-of-righting-countrys-fiscal-ship%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2088758&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>House Speaker Mike Johnson Pushes for Bipartisan Debt Commission<\/h2>\n<p>House Speaker Mike Johnson (R-LA) may be a fresh face in\u200b politics, but he&#8217;s already making \u2063waves in his new leadership role. Since taking office on Oct. 25, Johnson has been advocating\u2063 for a bipartisan debt commission to address\u2064 the nation&#8217;s\u200c growing\u200b deficits and national debt.<\/p>\n<p>During\u2063 a speech to the House, Johnson emphasized \u2063the\u200c urgent need to address the country&#8217;s precarious financial \u2062situation. He proposed the establishment of a bipartisan \u200cdebt commission to tackle the crisis head-on.<\/p>\n<blockquote>\n<p>&#8220;The consequences if we don&#8217;t act now are unbearable. We have a duty to the American people to explain this to them so they\u200d understand\u2063 it \u200cwell,&#8221; said Johnson, who is second in\u200b line of presidential succession. &#8220;We are going to establish a bipartisan debt commission to begin working on this \u200ccrisis immediately.&#8221;<\/p>\n<\/blockquote>\n<p>The national debt \u200bcurrently stands\u200b at nearly $33 trillion and is projected to continue growing. The \u2064federal budget deficit\u2064 for fiscal 2023\u200b reached\u200b $1.7 trillion, according to the Treasury Department.<\/p>\n<p>With automatic \u200bcuts to \u2063Social Security and the depletion of the Medicare Hospital \u200bTrust Fund on the horizon, a bipartisan fiscal commission\u2062 seems like a logical\u2064 step. \u200dHowever, elected officials will still need to make tough decisions on spending and taxes, which can\u200b be politically\u200b challenging.<\/p>\n<h3>Support for a\u200d Bipartisan Commission<\/h3>\n<p>Former \u2063Ohio Republican Sen. Rob Portman expressed his\u200d support for Johnson&#8217;s proposal, stating that a commission is necessary to address the\u200d unsustainable debt and deficit. Portman suggested that the commission should be enacted into law by \u2064Congress and consist of lawmakers \u2063from \u2063both parties, as well as outside policy experts.<\/p>\n<p>Maya \u200bMacGuineas,\u2064 president of the Committee for a Responsible Federal Budget, also believes that a\u200c debt commission\u200b is worth \u2064a try. She emphasized the need for immediate action and the importance \u2063of bipartisan \u2063cooperation.<\/p>\n<p>Lawmakers from both\u2064 sides of the aisle,\u200d including \u200bRep. Ron \u2062Estes (R-KS) and Rep. Dan Kildee (D-MI), expressed their concerns about the\u200c nation&#8217;s fiscal situation and voiced their \u200dsupport \u2062for a debt commission.<\/p>\n<h3>Challenges and Potential Benefits<\/h3>\n<p>While a debt commission may face challenges, such as lawmakers prioritizing their political bases, \u200dit could also provide political cover for difficult \u200ddecisions. \u2062By taking some of the politics out of the equation, a commission could facilitate \u2064bipartisan cooperation and educate the public about the\u2063 seriousness of the fiscal challenges.<\/p>\n<p>Past commissions, such as the Greenspan Commission in 1983 \u200cand the Simpson-Bowles Commission in \u20632010, have shown some success in addressing specific financial \u200bissues. Although \u2063not all \u2063proposals were adopted, they laid the groundwork for future actions.<\/p>\n<p>Overall, Johnson&#8217;s push for a bipartisan debt commission has garnered attention and support from\u200b both Republicans and Democrats. The commission could serve as a crucial step towards addressing the nation&#8217;s unsustainable debt and deficit.<\/p>\n<p> <\/p>\n<h2> \u2063What challenges \u2063does Johnson face \u2063in garnering support from \u200cboth parties and navigating the\u200d political complexities of addressing the nation&#8217;s debt crisis<\/h2>\n<p><span>  \u2063E Medicare Trust Fund looming, \u2062Johnson believes that now is\u200d the\u2062 time for bipartisan action. \u200cHe asserts that \u2063a debt \u2064commission consisting of\u2063 members from both parties will\u200d offer a balanced approach to solving the\u200d nation&#8217;s financial\u2062 woes.<\/p>\n<p>Among the tasks assigned\u200c to the debt commission would be \u2063conducting a \u2063comprehensive review of federal spending and revenue. The commission would evaluate areas of potential \u200dsavings,\u200c such as reducing wasteful spending and eliminating outdated \u2062programs. It would \u2062also explore options for increasing revenue, such as closing tax \u2062loopholes or \u200cimplementing targeted tax reforms.<\/p>\n<p>Johnson emphasizes the importance of transparency and public engagement in the work of the debt \u2064commission. He believes that Americans should be informed \u200cand \u2063involved in \u2064the\u2063 decision-making\u200b process, as\u200d the nation&#8217;s fiscal choices will\u2063 ultimately\u2064 affect all citizens.<\/p>\n<p>To ensure bipartisanship \u200cand prevent political gridlock, Johnson proposes that the debt commission consist of \u200can equal number of members\u200c from both parties. By working across the aisle,\u2064 he aims to find common ground and develop solutions that benefit\u2062 the country as a whole.<\/p>\n<p>Critics argue that a debt commission \u200dmay be unnecessary, as there are \u200balready \u2063existing committees and agencies responsible\u200d for budget and financial oversight.\u2062 However, Johnson believes\u2064 that a dedicated \u200ccommission focused solely \u200don addressing the nation&#8217;s debt \u2063crisis would provide\u200b a more comprehensive \u2063and effective approach.<\/p>\n<p>In addition to his push for a debt commission, Johnson is also advocating\u2062 for reforms in the \u200bbudgetary \u200dprocess. He believes that Congress should be \u2064required \u2062to pass a balanced budget amendment, which \u200dwould \u2062force lawmakers to \u200dmake tough decisions and\u200c prioritize fiscal responsibility.<\/p>\n<p>As House Speaker, Johnson wields \u200bsignificant influence and has the ability to \u2062champion his proposed debt \u200bcommission. However, he will likely face challenges in garnering support from both parties and navigating through the political complexities of addressing the nation&#8217;s debt \u200dcrisis.<\/p>\n<p>Despite these challenges, Johnson remains steadfast \u2062in\u2062 his commitment \u200cto \u200dfinding bipartisan solutions. He is \u2063determined to\u2064 tackle\u2062 the nation&#8217;s growing\u200d deficits and national debt head-on, ensuring a more stable and prosperous future for all Americans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Speaker Mike Johnson (R-LA) is a new face in politics, yet holds the highest leadership position in Congress. After replacing Rep. Kevin McCarthy (R-CA) on Oct. 25, Johnson aims to establish a bipartisan debt commission, emphasizing his plans for collaboration.<\/p>\n","protected":false},"author":1,"featured_media":2088759,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2088758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2088758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2088758"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2088758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2088759"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2088758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2088758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2088758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}