,,iv #aag? ,,congress #a/ ,session ,h4 ,,res4 #dag ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #bj1 #bjba,mr4 ,biggs 7= himself1 ,mr4 ,davidson1 ,mr4 ,cl\d1 ,mr4 ,ne:\se1 ,mr4 ,hice ( ,georgia1 ,mr4 ,brooks1 ,mr4 ,budd1 ,mr4 ,buck1 ,mr4 ,des,jarlais1 ,mr4 ,h]n1 ,mr4 ,r\z]1 ,mr4 ,p]ry1 ,mr4 ,mc,clintock1 ,mrs4 ,gre5e ( ,georgia1 ,mr4 ,palm]1 ,ms4 ,mace1 ,mr4 ,mooney1 ,mr4 ,cl9e1 ,mr4 ,web] ( ,texas1 ,mr4 ,emm]1 ,mr4 ,gos>1 ,mr4 ,bi%op ( ,nor? ,c>ol9a1 ,mrs4 ,lesko1 ,mr4 ,gohm]t1 ,mr4 ,gaetz1 ,mr4 ,gro?man1 & ,mr4 ,ma/7 submitt$ ! foll[+ resolution2 :i* 0 ref]r$ to ! ,committee on ! ,budget1 & 9 addition to ! ,committee on ,ways & ,means1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,,resolution ,recogniz+ ! national debt z a ?reat to national security4 ,:]eas1 9 ,may #bjba1 ! total public debt out/&+ 0 m ?an #bh1jjj1jjj1jjj1jjj1 result+ 9 a total int]e/ exp5se ( m ?an #cij1jjj1jjj1jjj = fiscal ye> #bjbj2 ,:]eas1 on ,may #ah1 #bjba1 ! total public debt z a p]c5tage ( gross dome/ic product 0 #adc4jj p]c5t2 ,:]eas1 on ,may #ah1 #bjba1 ! debt ow$ p] citiz5 0 #hd1idj & #bbe1cji p] taxpay]2 ,:]eas ! la/ balanc$ ,f$]al budget 0 sign$ into law 9 #aiig2 ,:]eas1 9 fiscal ye> #bjbj1 ,f$]al tax receipts total$ #c1dbj1jjj1jjj1jjj1 b ,f$]al outlays total$ #f1feb1jjj1jjj1jjj1 leav+ ! ,f$]al ,gov]nm5t ) a #a-ye> deficit ( #c1acb1jjj1jjj1jjj2 ,:]eas e ye> s9ce ! la/ balanc$ ,f$]al budget 0 sign$ 9 #aiig1 ,congress has fail$ to ma9ta9 a fiscally responsible budget & has typically reli$ on rais+ ! debt ceil+2 ,:]eas ! ,h\se ( ,repres5tatives fail$ to pass a balanc$ budget = fiscal ye> #bjai & fail$ to re/ore regul> ord] to ! legislative process by n all[+ ,repres5tatives to (f] & debate am5dm5ts2 ,:]eas regul> ord] p]mits ! ,h\se ( ,repres5tatives to sep>ately debate & adopt all appropriations bills 9 a timely fa%ion & facilitates congressional ov]sight ( ,f$]al sp5d+2 ,:]eas ! ,social ,security & ,m$ic>e ,bo>ds ( ,tru/ees project t ! ,f$]al ,hospital ,insurance ,tru/ ,fund w be deplet$ 9 #bjbf2 ,:]eas ! ,social ,security & ,m$ic>e ,bo>ds ( ,tru/ees project t ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund & ! ,f$]al ,disability ,insurance ,tru/ ,fund w be deplet$ 9 #bjca2 ,:]eas ! cr$it rat+ ( ! ,unit$ ,/ates 0 r$uc$ by ,/&>d & ,poor's f ,,aaa to ,,aa on ,augu/ #e1 #bjaa1 & has rema9$ at t level s9ce t date2 ,:]eas )\t a t>get$ ef=t to balance ! ,f$]al budget1 ! cr$it rat+ ( ! ,unit$ ,/ates is c]ta9 to cont9ue to fall2 ,:]eas improvem5ts 9 ! bus9ess climate 9 popul\s c\ntries1 & ag+ populations ar\nd ! _w1 w likely contribute to high] global int]e/ rates2 ,:]eas m ?an #g1jjj1jjj1jjj1jjj ( ,f$]al debt is own$ by individuals n locat$ 9 ! ,unit$ ,/ates1 includ+ m ?an #a1jjj1jjj1jjj1jjj ( :i* is own$ by individuals 9 ,*9a2 ,:]eas ,*9a & ! ,european ,union are develop+ alt]native paym5t sy/ems to weak5 ! dom9ant position ( ! ,unit$ ,/ates doll> z a res]ve curr5cy2 ,:]eas rapidly increas+ int]e/ rates w squeeze all policy priorities ( ! ,unit$ ,/ates1 includ+ def5se policy & =eign policy priorities2 ,:]eas1 on ,april #ab1 #bjah1 =m] ,secret>y ( ,def5se ,james ,mattis w>n$ t any ,nation t c't keep its fiscal h\se 9 ord] ev5tually _c ma9ta9 its milit>y p[]2 ,:]eas1 on ,m>* #f1 #bjah1 =m] ,director ( ,national ,intellig5ce ,dan ,coats w>n$3 ,our cont9u$ plunge into debt is unsu/a9able & repres5ts a dire future ?reat to our economy & to our national security2 ,:]eas1 on ,novemb] #ae1 #bjag1 =m] ,secret>ies ( ,def5se ,leon ,panetta1 ,a% ,c>t]1 & ,*uck ,hagel w>n$3 ,increase 9 ! debt w1 9 ! abs5ce ( a compreh5sive budget t addresses bo? entitlem5ts & rev5ues1 =ce ev5 deep] r$uctions 9 our national security capabilities2 & ,:]eas1 on ,septemb] #bb1 #bjaa1 =m] ,*airman ( ! ,jo9t ,*iefs ( ,/aff ,mi*ael ,mull5 w>n$3 ,i believe ! s+le1 bigge/ ?reat to our national security is debt3 ,n[1 !re=e1 be x ,t ! ,h\se ( ,repres5tatives-- 7#a7 recognizes t ! national debt is a ?reat to ! national security ( ! ,unit$ ,/ates2 7#b7 realizes t deficits are unsu/a9able1 irresponsible1 & dang]\s2 7#c7 commits to re/or+ regul> ord] 9 ! appropriations process2 & 7#d7 commits to address+ ! fiscal crisis fac$ by ! ,unit$ ,/ates4