,,iii #aag? ,,congress #a/ ,session ,s4 ,,res4 #adg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #be1 #bjba,mr4 ,braun 7= himself1 ,mrs4 ,blackburn1 ,mr4 ,scott ( ,florida1 & ,ms4 ,ern/7 submitt$ ! foll[+ resolution2 :i* 0 ref]r$ to ! ,committee on ,f9ance ,,resolution ,recogniz+ ! national debt z a ?reat to national security4 ,:]eas1 9 ,septemb] #bjbj1 ! total public debt out/&+ 0 m ?an #bf1jjj1jjj1jjj1jjj1 result+ 9 a total int]e/ exp5se ( m ?an #cga1jjj1jjj1jjj = fiscal ye> #bjbj2 ,:]eas1 9 ,septemb] #bjai1 ! total public debt z a p]c5tage ( gross dome/ic product 0 ab\t #ajj p]c5t2 ,:]eas lead]s ( ! ,congressional ,budget ,(fice & ! ,gov]nm5t ,acc\ntability ,(fice h te/ifi$ t-- 7#a7 ! gr[? ( ! public debt is unsu/a9able2 & 7#b7 ,congress mu/ und]take ext5sive fiscal consolidation to combat t gr[?2 ,:]eas ! la/ ,f$]al budget surplus occurr$ 9 #bjja2 ,:]eas1 9 fiscal ye> #bjbj1 ,f$]al tax receipts total$ #c1dbj1jjj1jjj1jjj1 b ,f$]al outlays total$ #f1feb1jjj1jjj1jjj1 leav+ ! ,f$]al ,gov]nm5t ) a #a-ye> deficit ( #c1acb1jjj1jjj1jjj2 ,:]eas1 s9ce ! la/ ,f$]al budget surplus occurr$ 9 #bjja1 ,congress-- 7#a7 has fail$ to ma9ta9 a fiscally responsible budget2 & 7#b7 has _h to raise ! debt ceil+ repeat$ly2 ,:]eas ! ,m$ic>e ,bo>d ( ,tru/ees projects t ! ,m$ic>e ,hospital ,insurance ,tru/ ,fund w be deplet$ 9 #bjbf2 ,:]eas ! ,social ,security & ,m$ic>e ,bo>ds ( ,tru/ees project t ! ,disability ,insurance & ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,funds w be deplet$ 9 #bjbf & #bjca1 respectively2 ,:]eas heavy indebt$ness increases ! exposure ( ! ,f$]al ,gov]nm5t to int]e/ rate risks2 ,:]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 ev] s9ce2 ,:]eas1 )\t a t>get$ ef=t to balance ! ,f$]al budget1 ! cr$it rat+ ( ! ,unit$ ,/ates w 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 ,:]eas ! ,national ,security ,/rategy ( ! ,unit$ ,/ates1 z ( ! date ( adoption ( ?is resolution1 highlights ! ne$ to r$uce ! national debt ?r\gh fiscal responsibility2 ,:]eas1 on ,april #ab1 #bjah1 =m] ,secret>y ( ,def5se ,james ,mattis w>n$ 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 ,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$3 ,i believe ! s+le1 bigge/ ?reat to our national security is debt3 ,n[1 !re=e1 be x ,t ! ,s5ate-- 7#a7 recognizes t ! national debt is a ?reat to ! national security ( ! ,unit$ ,/ates2 7#b7 realizes t p]si/5t1 /ructural deficits are unsu/a9able1 irresponsible1 & dang]\s2 & 7#c7 commits to address+ ! loom+ fiscal crisis fac$ by ! ,unit$ ,/ates4