The resolution introduced on February 3, 2026, addresses the critical issue of the national debt, which has reached over $38 trillion, equating to 126% of the U.S. gross domestic product. It highlights the alarming fact that the debt per citizen has risen to $113,000, with a significant portion of the debt owned by foreign entities, including over $800 billion by individuals in China. The resolution also points out the unsustainable fiscal situation, as evidenced by a deficit exceeding $1 trillion in fiscal year 2024, and warns of the impending depletion of key trust funds for Social Security and Medicare by 2033 and 2036.
Furthermore, the resolution emphasizes the potential impact of rising global interest rates on U.S. policy priorities, including defense and foreign policy, and cites warnings from former military and intelligence leaders regarding the national debt as a significant threat to national security. In light of these concerns, the resolution calls on the United States Congress to establish a more effective budgeting process to address the growing national debt and its implications for the country's security and economic future.