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IN HR0009
Resolution
Status
1/22/2026
Primary Sponsor
Timothy O'Brien
Click for details
AI Summary
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Indiana House Resolution recognizing the U.S. national debt as a threat to national security, citing December 2025 debt exceeding $38 trillion (118% of GDP, $112,000 per citizen)
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More than $8 trillion of federal debt is held by foreign individuals, including over $800 billion by individuals in China
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Fiscal year 2024 deficit exceeded $1 trillion, with $5 trillion in tax receipts falling short of $6.75 trillion in federal outlays
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Social Security Old-Age and Survivors Insurance Trust Fund and Federal Hospital Insurance Trust Fund projected to be depleted by 2033 and 2036, respectively
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Urges U.S. Congress to establish an effective regular order for budgeting; directs the Clerk to transmit the resolution to Indiana's Congressional delegation
Legislative Description
Recognizing the seriousness of the US national debt and its threat to national security.
Last Action
First reading: referred to the Committee on Ways and Means
1/22/2026