Support grows for tackling nation's debt

From The Washington Post:

Senate action late last week that increased the limit on the government's credit card to a record $12.4 trillion gave a significant boost to a proposal to appoint a special commission to make the tough decisions that will be required to dig the nation out of debt.

President Obama has voiced support for such a plan, and 35 Democratic and Republican senators have signed on to legislation that would create a bipartisan commission with broad power to force painful spending cuts and tax increases through Congress.

Even House Speaker Nancy Pelosi (D-Calif.), an ardent opponent of the idea, has signaled in recent weeks that she could accept the establishment of a commission.