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OH HCR24
Concurrent Resolution
Status
10/1/2025
Primary Sponsor
David Thomas
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AI Summary
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Ohio General Assembly declares the $37 trillion national debt (123% of GDP, $108,000 per citizen as of September 2025) a threat to U.S. national security
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Over $8 trillion of federal debt is held by foreign individuals, including more than $800 billion by individuals in China
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FY2024 federal deficit exceeded $1 trillion, with $5 trillion in tax receipts falling short of $6.75 trillion in outlays
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Social Security Old-Age and Survivors Insurance Trust Fund projected to be depleted by 2033; Federal Hospital Insurance Trust Fund by 2036
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Urges U.S. Congress to establish an effective regular order for budgeting; directs copies be sent to Ohio's Congressional delegation
Legislative Description
Declare national debt a security threat;urge Congressional action
National or International Resolution
Last Action
Introduced and Referred to Committee: Government Oversight
10/1/2025