| 12 | 11 | | MR. PRESIDENT: |
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| 13 | 12 | | I offer the following resolution and move its adoption: |
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| 14 | 13 | | 1 A SENATE RESOLUTION recognizing the seriousness of |
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| 15 | 14 | | 2 the national debt and its threat to national security. |
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| 16 | 15 | | 3 Whereas, In March 2025, the outstanding public debt of the |
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| 17 | 16 | | 4 United States (U.S.) totaled more than $36 trillion, with public |
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| 18 | 17 | | 5 debt equaling 124 percent of gross domestic product and the |
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| 19 | 18 | | 6 debt owed per citizen rising to $107,000; |
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| 20 | 19 | | 7 Whereas, More than $8 trillion of the federal debt is owned |
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| 21 | 20 | | 8 by individuals not located in the U.S., including more than $1 |
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| 22 | 21 | | 9 trillion owned by individuals in China; |
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| 23 | 22 | | 10 Whereas, In fiscal year 2024, the U.S. had a deficit of over |
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| 24 | 23 | | 11 $1 trillion after the U.S. Congress failed to pass a balanced |
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| 25 | 24 | | 12 budget and federal tax receipts totaled $5 trillion, short of the |
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| 26 | 25 | | 13 federal outlays totaling $6.75 trillion; |
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| 27 | 26 | | 14 Whereas, The Social Security and Medicare Boards of |
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| 28 | 27 | | 15 Trustees project that the Federal Hospital Insurance Trust |
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| 29 | 28 | | 16 Fund, the Old-Age and Survivors Insurance Trust Fund, and |
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| 30 | 29 | | 17 the Federal Disability Insurance Trust Fund will all be |
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| 31 | 30 | | 18 depleted in the next decade; |
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| 33 | 32 | | 1 Whereas, Improvements in the business climate in populous |
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| 34 | 33 | | 2 countries and aging populations around the world will likely |
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| 35 | 34 | | 3 contribute to higher global interest rates, which would squeeze |
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| 36 | 35 | | 4 all U.S. policy priorities, including defense and foreign policy; |
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| 37 | 36 | | 5 Whereas, On September 22, 2011, former Chairman of the |
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| 38 | 37 | | 6 Joint Chiefs of Staff Michael Mullen warned, "the single, |
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| 39 | 38 | | 7 biggest threat to our national security is debt"; |
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| 40 | 39 | | 8 Whereas, On March 6, 2018, then Director of National |
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| 41 | 40 | | 9 Intelligence Dan Coats warned, "Our continued plunge into |
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| 42 | 41 | | 10 debt is unsustainable and represents a dire future threat to our |
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| 43 | 42 | | 11 economy and to our national security"; and |
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| 44 | 43 | | 12 Whereas, The last federal budget surplus occurred in 2001 |
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| 45 | 44 | | 13 and the continued rise in the national debt is a major concern |
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| 46 | 45 | | 14 across the Hoosier State and around the country: Therefore, |
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| 47 | 46 | | 15 Be it resolved by the Senate of the |
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| 48 | 47 | | 16 General Assembly of the State of Indiana: |
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| 49 | 48 | | 17 SECTION 1. That the Indiana Senate recognizes that the |
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| 50 | 49 | | 18 national debt is a threat to the national security of the United |
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| 51 | 50 | | 19 States and urges the United States Congress to commit to |
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| 52 | 51 | | 20 restoring regular order in the appropriations process. |
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| 53 | 52 | | 21 SECTION 2. The Secretary of the Senate is directed to |
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| 54 | 53 | | 22 transmit a copy of this Resolution to each member of Indiana's |
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| 55 | 54 | | 23 Congressional delegation. |
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