The then newly elected House of Representatives’ speaker said in October to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt. “The consequences if we don’t act now are unbearable,” he said, echoing warnings from his predecessor and other House Republicans.

More than six months later, the proposal appears all but dead, extinguished by vocal opposition from both the right and the left.

The debt commission legislation, modeled after previous efforts, would create a 16-member panel to recommend steps that could be taken to balance the federal budget at the earliest reasonable date and improve the long-term fiscal health of Medicare and Social Security. The commission would have 16 members — 12 from Congress, evenly divided by party, and four outside experts without voting power. The GOP-controlled House Budget Committee advanced the bill in a 22-12 vote.