,,iv  #aae? ,,congress  #a/ ,session    
,h4 ,,res4 #efd  ,,9 ,,! ,,h\se ,,(     
,,repres5tatives  ,octob] #aj1 #bjag,mr4
 ,jones 7= himself & ,mr4 ,budd7        
submitt$ ! foll[+ resolution2 :i* 0     
ref]r$ to ! ,committee on ,ways & ,means
  ,,resolution  ,affirm+ ! con/itutional
 p[] ( ,congress ov] ! ,nation's debts4 
,:]eas ! ,f\nd+ ,fa!rs explicitly       
delegat$ to ,congress ! p[] ( ! purse1  
includ+ ! p[] ov] ! ,nation's debts2    
,:]eas article ,i1 section #h ( ! ,unit$
 ,/ates ,con/itution /ates3 ,! ,congress
 %all h p[] to ''' pay ! debts ''' & to 
borr[ money on ! cr$it ( ! ,unit$       
,/ates2 ,:]eas s9ce ! sign+ ( !         
,con/itution1 ,congress has plac$ limits
 on ! debts ( ! ,nation2 ,:]eas limits  
on ! debt =ce ,congress to evaluate _!  
fiscal policies & consid] ! consequ5ces 
( _! deficit sp5d+ decisions1 z well z  
provide an opportunity to implem5t      
fiscal re=ms2 ,:]eas debat+ & vot+ on ! 
debt limit is a core con/itutional      
function ( ,congress1 & provides !      

public ) a w9d[ ( transp>5cy into !     
fiscal actions ( ^? :o repres5t !m2     
,:]eas ?r\gh #aiag1 ! ,unit$ ,/ates     
borr[$ only occasionally to f9ance      
em]g5cies su* z w> or economic recov]y1 
or to build infra/ructure su* z !       
,panama ,canal1 & !n made conc]t$ ef=ts 
to exp$iti\sly pay d[n ! debt aft]      
p]iods ( exig5t circum/ances abat$2     
,:]eas ov] ! la/ #ajj ye>s1 ! ,unit$    
,/ates has greatly exp&$ its deficit    
sp5d+ to ! po9t t x n[ mu/ borr[        
cont9u\sly to f9ance ! basic functions (
 gov]nm5t2 ,:]eas1 z a result1 ! public 
debt ( ! ,unit$ ,/ates is n[ ov] #bj    
trillion2 ,:]eas ! debt is at ! highe/  
level ev] record$ 9 ! hi/ory ( !        
,nation2 ,:]eas annual ,f$]al deficits  
are curr5tly runn+ ne> #gjj billion1 :i*
 is add$ to ! debt2 ,:]eas to pay (f !  
national debt1 ea* taxpay] 9 ,am]ica    
w\ld h to pay ov] #afg1jjj2 ,:]eas 9    
fiscal ye> #bjaf1 ,am]ican taxpay]s sp5t
 #bdj billion j to pay ! int]e/ on !    
debt2 ,:]eas ! ,congressional ,budget   

,(fice 7,,cbo7 projects t by #bjbg1     
annual int]e/ paym5ts on ! debt w m ?an 
triple to #hah billion1 an am\nt great] 
?an t sp5t on national def5se2 ,:]eas a 
significant portion ( ! debt is held by 
=eign gov]nm5ts1 _m ( :om1 includ+ ,*9a 
& ,russia1 are n allies ( ! ,unit$      
,/ates2 ,:]eas 9 #bjaj1 !n ,*airman ( ! 
,jo9t ,*iefs ( ,/aff1 ,admiral ,mi*ael  
,mull51 decl>$ t ! mo/ significant ?reat
 to our national security is our debt2  
,:]eas s9ce ,admiral ,mull5 made t      
/atem5t 9 #bjaj1 ! debt has increas$ by 
ov] #f trillion2 ,:]eas 9 ,janu>y (     
#bjag1 ,secret>y ( ,def5se & ,retir$    
,m>9e ,corps ,g5]al1 ,jim ,mattis1      
affirm$ 8 belief t ! greate/ ?reat to   
,am]ica's national security is our      
,f$]al debt2 & ,:]eas abs5t *anges to   
curr5t law1 ! ,f$]al deficit & debt w   
cont9ue to exp& rapidly1 especially if  
int]e/ rates rise &_/or ! economy sl[s1 
!reby l[]+ rev5ues & increas+ dem& =    
,f$]al assi/ance3 ,n[1 !re=e1 be x  ,t !
 ,h\se ( ,repres5tatives affirms t--    

7#a7 ! ,con/itution gives ,congress p[] 
ov] ! ,nation's debts2  7#b7 plac+      
limitations on ! debt is an ess5tial    
ex]cise ( ,congress' con/itutional      
au?ority2 &  7#c7 remov+ limitations on 
! debt w\ld--  7,a7 inappropriately c$e 
,congress' con/itutional au?ority2  7,b7
 remove a critical *eck on future       
increases 9 deficit sp5d+ & ! national  
debt2 &  7,c7 pot5tially exac]bate !    
already unsu/a9able fiscal position ( ! 
,unit$ ,/ates1 & z a consequ5ce1 its    
national security4