What is the official ID of this bill?
The official print number for this legislation is SRES 147.
US National Debt: A Threat to National Security
The U.S. Senate recognizes the growing national debt as a serious threat to national security. Citizens should be aware that uncontrolled spending could impact the country's economic stability and, consequently, the availability of benefits like Medicare and Social Security in the future. The resolution emphasizes the need for fiscal responsibility to avoid negative consequences for defense and foreign policy.
Key points
The U.S. national debt has exceeded $26 trillion, generating massive interest costs and burdening the state budget.
Lack of budget balance since 2001 has led to repeated increases in the debt ceiling, deemed irresponsible.
Medicare and Social Security funds could be depleted within a few years, threatening future benefits for citizens.
High indebtedness weakens the U.S. dollar's global position and may lead to a credit rating downgrade, affecting borrowing costs.
Rising debt service costs could limit funds for defense and other key policy areas, directly impacting citizen security.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.