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US National Debt Recognized as Threat to Security and Future Benefits

The US Senate formally recognizes the national debt, exceeding $31 trillion, as a direct threat to national security and financial stability. The resolution highlights that the current debt level, over $246,000 per taxpayer, is unsustainable and jeopardizes future social benefits like Medicare (projected depletion 2028) and Social Security (projected depletion 2034). Senators commit to restoring order in the budget process to prevent a looming fiscal crisis.
Key points
The US national debt (over $31 trillion) is officially recognized as a threat to national security and defense capabilities.
Future benefits are at risk: Medicare funds are projected to be depleted by 2028, and Social Security by 2034, without intervention.
Each taxpayer carries a debt burden of over $246,000, indicating potential future spending cuts or tax increases.
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Additional Information
Print number: 118_SRES_87
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2023-03-01