H.Con.Res.24

Ohio HCR24 declares the national debt a security threat and urges Congress to establish a regular budgeting order.

Ohio HCR24 recognizes the national debt as a threat to national security and urges Congress to establish a regular budgeting order. The resolution cites concerns from former military and intelligence officials, including Michael Mullen and Dan Coats, about the unsustainable debt levels. It highlights that interest payments on the debt now exceed defense spending and projects that Social Security and Medicare trust funds will be depleted by 2033 and 2036. The resolution also notes that over $8 trillion of the federal debt is held by non-U.S.