Bill > HCR009

This concurrent resolution, passed by the Utah Legislature with the Governor's concurrence, expresses concern over the national debt, which as of January 2026 stood at $38.4 trillion, equivalent to 124% of the nation's gross domestic product (GDP), a measure of the total value of goods and services produced in a country. The resolution highlights that a significant portion of this debt is held by foreign entities, including China, and points to a substantial budget deficit in fiscal year 2025, where federal outlays (spending) of $7 trillion far exceeded federal tax receipts (income) of $5.2 trillion. It also notes the projected depletion of Social Security and Medicare trust funds in the coming years and warns that rising global interest rates could negatively impact U.S. policy priorities. Citing warnings from former national security officials about the debt being a threat to national security, the resolution urges Congress to establish a more effective and regular process for budgeting to address this growing concern. Finally, it directs that copies of this resolution be sent to leaders in the U.S. Senate and House of Representatives, as well as Utah's congressional delegation.

https://le.utah.gov/~2026/bills/static/HCR009.html