Bill > SRes78

This Resolution recognizes that the national debt, which has grown significantly and is projected to continue to do so, poses a serious threat to the national security of the United States. It highlights that the country has not had a balanced Federal budget since 1997, leading to annual deficits where spending exceeds tax receipts, and that key programs like Social Security and Medicare face future depletion of their trust funds. The resolution also points to a past downgrade in the United States' credit rating and warnings from national security leaders, including former Secretaries of Defense and Chairmen of the Joint Chiefs of Staff, who have stated that an unmanaged debt can undermine military strength and overall national security. Therefore, the resolution acknowledges that current deficits are unsustainable, irresponsible, and dangerous, and commits to addressing the nation's fiscal crisis.