US National Debt Recognized as Direct Threat to National Security.
The Senate formally recognized the national debt, exceeding $34 trillion, as a direct threat to US national security and economic stability. This massive debt burden, which translates to over $102,000 per citizen, risks crowding out essential government spending, as interest payments are projected to surpass defense spending in 2024. The resolution highlights the urgency of preventing a fiscal crisis, especially given the projected depletion of Social Security and Medicare funds within the next decade.
Key points
The national debt exceeds $34 trillion, equating to over $102,000 owed per citizen and $265,000 per taxpayer.
Interest payments on the debt are projected to cost more than national defense spending starting in 2024.
Key entitlement programs (Medicare and Social Security) are projected to face depletion of their trust funds by 2031 and 2034, respectively.
The Senate commits to restoring regular order in the budget process to address unsustainable deficits.
Adopted
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