In rare bipartisan action to address the nation’s $34 trillion long-term debt, the House Committee on Budget has advanced Rep. Scott Peter’s Fiscal Commission Act to the floor for a vote. The legislation, co-authored by Rep. Bill Huizenga of Michigan, would establish a bipartisan, bicameral, and open-doored commission to address the nation’s long-term debt and avoid automatic and across-the-board cuts to Social Security and Medicare. “In the next 10 years, we will spend more on interest on our debt than on defense or Medicaid,” said Peters on Thursday. “This commission allows us to finally address the unsustainable debt that endangers our children’s future.” Peters, a Democra
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