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IN HR0028
Resolution
Status
2/5/2026
Primary Sponsor
Timothy O'Brien
Click for details
AI Summary
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Indiana House Resolution recognizing U.S. national debt exceeding $38 trillion (118% of GDP) as a threat to national security, with per-citizen debt of $112,000
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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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Cites FY2024 federal deficit exceeding $1 trillion, with $5 trillion in tax receipts versus $6.75 trillion in outlays
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Notes Social Security's Old Age and Survivors Insurance Trust Fund projected for depletion by 2033, and Federal Hospital Insurance Trust Fund by 2036
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Urges U.S. Congress to establish effective regular order for budgeting; requires transmittal of resolution to Indiana's Congressional delegation
Legislative Description
Recognizing the seriousness of the U.S. national debt and its threat to national security.
Last Action
Representative Carbaugh added as coauthor
2/18/2026