Bill > HR0063

This resolution is a formal statement by the Indiana House of Representatives expressing deep concern about the United States' national debt and its potential consequences for national security. The resolution highlights several critical financial metrics, including a total outstanding national debt of over $36 trillion as of March 2025, a public debt that represents 124 percent of the gross domestic product, and a debt of $107,000 per citizen. The document notes that the federal government has not maintained a balanced budget in 23 years, with the most recent budget surplus occurring in 2001, and points out that in fiscal year 2024, federal tax receipts were nearly $5 trillion while federal spending was $6.75 trillion, resulting in a deficit of approximately $1.8 trillion. The resolution officially recognizes the national debt as a threat to national security, characterizes ongoing deficits as unsustainable and dangerous, and urges Congress to restore regular appropriation processes and prevent a potential fiscal crisis. As a final action, the resolution directs the Principal Clerk of the House of Representatives to send copies of the resolution to Indiana's Congressional delegation, thereby formally communicating these concerns to federal representatives.

Government Affairs

https://iga.in.gov/legislative/2025/resolutions/house/simple/63/details