Congressman Bill Huizenga is serving on the new Bipartisan Fiscal Forum, a group dedicated to sounding the alarm the nation’s debt. He and Democratic Congressman Scott Peters of California announced the group’s creation this month. Huizenga tells us the panel is holding meetings to spread the message about the unsustainability of the debt.
“There are some folks who I call debt deniers,” Huizenga said. “Unfortunately, these are folks who believe we don’t have a debt issue and a debt crisis, and they think as long as we can keep paying the interest payments, we’re fine. The problem is that we are seeing interest rates return to their historic norms, which means we now are paying as much interest on the debt as we have ever done, and it is approaching our entire defense budget.”
Huizenga says they’re going to publish bipartisan op-eds to educate others on the problem and to make it clear Republicans aren’t the only ones who are concerned. He says the group won’t move as quickly or as far as he would like, but it’s important to have conversations about the debt before it becomes so onerous that critical programs are threatened.
