,,iv #aai? ,,congress #a/ ,session ,h4 ,,res4 #fca ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,augu/ #e1 #bjbe,mr4 ,biggs ( ,arizona 7= himself1 ,mr4 ,donalds1 ,mr4 ,gos>1 ,mr4 ,web/] ( ,florida1 & ,mr4 ,ne:\se7 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 ,janu>y #bjbe1 ! total public debt out/&+ 0 m ?an #cf1bjj1jjj1jjj1jjj1 result+ 9 a total int]e/ exp5se ( m ?an #a1acj1jjj1jjj1jjj = fiscal ye> #bjbd2 ,:]eas1 9 ,janu>y #bjbe1 ! total public debt z a p]c5tage ( gross dome/ic product 0 #abj4hg p]c5t2 ,:]eas1 9 ,janu>y #bjbe1 ! debt ow$ p] citiz5 0 #ajd1ghj & #cbc1jde p] taxpay]2 ,:]eas ! la/ balanc$ ,f$]al budget 0 sign$ into law 9 #aiig2 ,:]eas1 9 fiscal ye> #bjbd1 ,f$]al tax receipts total$ #e1jhb1jjj1jjj1jjj1 b ,f$]al outlays total$ #f1ida1jjj1jjj1jjj1 leav+ ! ,f$]al ,gov]nm5t ) a #a-ye> deficit ( #a1hei1jjj1jjj1jjj2 ,:]eas1 e ye> s9ce ! la/ balanc$ ,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> #bjbd & 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 #bjcc2 ,:]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 #bjcd2 ,:]eas1 )\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 #h1ejj1jjj1jjj1jjj ( ,f$]al debt is own$ by individuals n locat$ 9 ! ,unit$ ,/ates1 includ+ m ?an #gei1jjj1jjj1jjj ( :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