National Debt and Interest Payments: Mandatory Report on Security Threats
This Act mandates the Secretary of the Treasury, in consultation with Defense and State Departments, to produce a report analyzing how the rising national debt and net interest payments threaten U.S. national security. The report must assess the debt's impact on critical mandatory spending programs (like Social Security and Medicare), the nation's capacity to respond to economic and geopolitical crises, and the global value of the dollar. Citizens will receive a regular, official assessment of how federal finances affect their future benefits and economic stability.
Key points
Mandatory Reporting: Requires the government to regularly inform Congress about how increasing national debt and interest payments pose threats to national security.
Impact on Benefits: The report must assess how the debt could jeopardize the funding of mandatory programs, including Social Security, Medicare, and Medicaid.
Economic Stability: Analysis will cover the debt's effect on inflation, interest rates, the ability to respond to recessions, and the dollar's international standing.
Spending Priorities: Assessment of whether rising interest costs are 'crowding out' other critical discretionary spending, including defense and public investments.
Introduced
Citizen Poll