Bill > HRes631

This resolution recognizes the national debt as a critical threat to U.S. national security, highlighting several key financial and strategic concerns. As of January 2025, the total public debt was over $36.2 trillion, representing 120.87 percent of gross domestic product, with each citizen owing approximately $104,780 and each taxpayer owing $323,045. The resolution notes that the last balanced federal budget was in 1997, and in fiscal year 2024, the government had a deficit of $1.859 trillion, with tax receipts of $5.082 trillion and outlays of $6.941 trillion. The document cites warnings from national security experts like former Defense Secretary James Mattis and former Joint Chiefs Chairman Michael Mullen, who have emphasized that uncontrolled national debt threatens military capabilities and overall national security. Additionally, the resolution points out potential long-term risks, such as the projected depletion of Social Security and Medicare trust funds by 2033-2034, the significant foreign ownership of U.S. debt (over $8.5 trillion, with $759 billion owned by China), and the potential erosion of the U.S. dollar's global reserve currency status. Ultimately, the resolution calls for recognizing the debt as a national security threat, committing to restoring responsible budgeting processes, and addressing the ongoing fiscal crisis.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-resolution/631/all-info