,,iv #aaf? ,,congress #b;d ,session ,h4 ,,res4 #abfa ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #ad1 #bjbj,mr4 ,arr+ton 7= himself1 ,mr4 ,pet]s1 ,mr4 ,la,hood1 ,mrs4 ,rodg]s ( ,wa%+ton1 ,mr4 ,hold+1 ,mr4 ,web] ( ,texas1 ,mr4 ,norman1 ,mr4 ,woodall1 ,mr4 ,gallagh]1 ,mrs4 ,lesko1 ,mr4 ,williams1 & ,mr4 ,smuck]7 submitt$ ! foll[+ resolution2 :i* 0 ref]r$ to ! ,committee on ! ,budget ,,resolution ,express+ ! s5se ( ! ,h\se ( ,repres5tatives on address+ ! reckless & unsu/a9able national debt :ile committ+ necess>y res\rces to ! ,,covid-#ai p&emic4 ,:]eas1 9 ,janu>y #bjbj1 prior to ! ,,covid-#ai p&emic1 ! ,congressional ,budget ,(fice 7,,cbo7 project$ t = fiscal ye> #bjbj1 ,unit$ ,/ates deficit sp5d+ w\ld total ne>ly #a1jbj1jjj1jjj1jjj1 ! fir/ trillion-doll> deficit 9 hi/ory n caus$ by ! ,great ,recession2 ,:]eas1 9 ,janu>y #bjbj1 prior to ! p&emic1 ! ,,cbo project$ ,unit$ ,/ates debt-to-,,gdp w\ld rise f #hj p]c5t to #ih p]c5t by #bjcj2 ,:]eas ev5 9 ! abs5ce ( ! ,,covid-#ai p&emic1 our ,nation's fiscal situation 0 prec>i\s & rapidly det]iorat+2 ,:]eas1 ?r\gh\t #bjbj1 ,,covid-#ai has _h a significant impact on ! heal? ( our fell[ citiz5s1 our economy1 & our fiscal /ability2 ,:]eas #be1jjj1jjj p 7 imm$iately put out ( "w2 ,:]eas 9 response to ! heal? crisis1 lockd[ns1 & an economic d[nturn1 ,congress pass$ a s]ies ( legislative packages total+ m ?an #c1fjj1jjj1jjj1jjj to support hospitals1 families1 small bus9esses1 s*ools1 & local gov]nm5ts2 ,:]eas z a result ( ^! necess>y measures1 our fiscal condition is f> worse ?an ev] be=e2 ,:]eas ! ability to respond appropriately to em]g5cies is "p ( responsible budget+ & an important reason to control ! debt dur+ p]iods ( economic /r5g?2 ,:]eas ! fiscal ye> #bjbj budget deficit exce$$ #c1ajj1jjj1jjj1jjj1 m ?an ?ree times ! prep&emic projection2 ,:]eas ! total deficit 9 #bjbj 0 #af4j p]c5t ( ! ,nation's gross dome/ic product 7,,gdp71 up f #d4f p]c5t 9 #bjai & #c4h p]c5t 9 #bjah1 & ! deficit 0 ! l>ge/ z a p]c5tage ( ,,gdp s9ce #aide2 ,:]eas ! gross debt ( ! ,unit$ ,/ates ,gov]nm5t1 :i* includes bo? debt held by ! public & debt held by ,f$]al tru/ funds1 n[ exce$s #bg1jjj1jjj1jjj1jjj2 ,:]eas ! national debt = fiscal ye> #bjbj has n[ exce$$ ! size ( ! entire ,unit$ ,/ates economy1 & ! debt-to-,,gdp ratio w soon rea* ! highe/ level ev] & is expect$ to cont9ue ris+ at an unsu/a9able rate2 & ,:]eas we recognize ! ne$ to provide tempor>y & t>get$ support to ^? affect$ by ! p&emic1 includ+ future assi/ance3 ,n[1 !re=e1 be x ,t ! ,h\se ( ,repres5tatives-- 7#a7 recognizes t an unprec$5t$ response to provide relief to hundr$s ( millions ( ,am]icans 0 requir$ to address ! ,,covid-#ai p&emic2 7#b7 realizes t additional relief measures are requir$2 7#c7 believes t fur!r ef=ts to address ! ,,covid-#ai p&emic mu/ include measures & re=ms to help ,congress re/ore ! ,f$]al ,gov]nm5t's long-t]m fiscal heal? once ! p&emic ends & ! economy rega9s its /r5g?2 & 7#d7 believes ,congress %\ld promote ! return to regul> ord] & delib]ation1 & to *ange ! brok5 & dysfunctional budget practices t ?reat5 bo? economic /ability & national security4