,,iv #aacth ,,congress #ast ,session ,h4 ,,res4 #bj ,,in ,,the ,,house ,,of ,,representatives ,january #d1 #bjac ,mr4 ,rigell submitted the following resolution2 which was referred to the ,committee on the ,budget1 and in addition to the ,committee on ,ways and ,means1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,,resolution ,providing that the ,house of ,representatives is committed to restoring ,america's financial foundation by achieving a ,federal spending target of #bj percent of gross domestic product 7,,gdp7 and a ,federal revenue target of #bj percent of ,,gdp by the end of calendar year #bjbj4 ,whereas the rate of growth in ,federal spending over the past decade is #fd percent and the rate of growth in ,federal revenues for the same period is #cg percent1 a difference of #bg percentage points2 ,whereas the #cj-year level of ,federal spending averages #ba4a percent of ,,gdp2 ,whereas under the current ,administration's plan1 ,federal spending will exceed #bb4h percent of ,,gdp by #bjbb2 ,whereas the #cj-year level of ,federal revenues averages #ag4g percent of ,,gdp2 ,whereas the national debt exceeds #af trillion dollars and1 according to the non-partisan ,congressional ,budget ,office1 is expected to reach #bj trillion by #bjbb2 ,whereas absent any change in policy1 entitlement spending will consume all ,federal revenues by #bjdi1 according to the ,congressional ,budget ,office2 ,whereas unfunded liabilities in ,medicare are currently #cg trillion dollars1 according to the ,government ,accountability ,office2 ,whereas #aj1jjj ,americans become eligible for ,medicare every day2 ,whereas we have a deep obligation to ensure that ,medicare1 ,,tricare1 and ,social ,security continue2 ,whereas it is a breach of duty for one generation of ,americans to leave the next generation with structural deficits and debt so large that the financial foundation of the ,republic is imperiled2 and ,whereas to meet our obligation to the next generation of ,americans1 ,federal spending 7measured as a percentage of ,,gdp7 must decrease1 and revenues 7measured as a percentage of ,,gdp7 must1 to a lesser degree and principally through growth1 increase3 ,now1 therefore1 be it ,that the ,house of ,representatives is committed to the pursuit of policies that achieve a ,federal spending target of #bj percent of ,,gdp and a ,federal revenue target of #bj percent of ,,gdp by the end of the calendar year #bjbj4