This joint resolution from the Montana Senate and House of Representatives expresses concern over the federal government's fiscal and monetary policies, which are perceived to be detrimental to the citizens of Montana and the broader United States. It highlights alarming statistics regarding the increasing federal debt, projected to exceed $55 trillion by 2034, and the rising costs of interest payments, which have escalated from $260 billion in 2016 to an anticipated $1.1 trillion in 2024. The resolution emphasizes the negative impact of sustained inflation and high interest rates on essential goods and services, asserting that these economic conditions disproportionately affect the middle class and vulnerable populations.
The resolution calls for Congress to take immediate and disciplined action to address these fiscal challenges, suggesting measures such as implementing a gold-linked dollar and a balanced budget amendment to the U.S. Constitution. It also encourages other state legislatures to join Montana in urging Congress to tackle the growing debt and deficits that threaten the economic stability of the nation. The resolution is intended to be communicated to Montana's Congressional Delegation and the leadership of other state legislatures, emphasizing a collective demand for responsible fiscal governance.