Expressing the sense of the House of Representatives regarding our national debt.

Bill: 115-hres-885
Sponsor: full_name: Rep. Norman, Ralph [R-SC-5]
Introduced: 2018-05-09
Policy area: Economics and Public Finance
Subjects: Appropriations

Budget deficits and national debt

House of Representatives
Latest action: action_date: 2018-05-09
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2018-05-09
action_desc: Introduced in House
text: <p>Expresses the sense of the House of Representatives that: (1) the national debt is rising unsustainably and needs to urgently be addressed; and (2) each Member of the House should introduce and advocate for legislation to reduce spending by $100 million per year, aside from annual appropriations bills. </p>

tv_txt: IV 115th CONGRESS 2d Session H. RES. 885 IN THE HOUSE OF REPRESENTATIVES May 9, 2018 Mr. Norman submitted the following resolution; which was referred to the Committee on Ways and Means RESOLUTION Expressing the sense of the House of Representatives regarding our national debt.

Whereas our national debt exceeds $20 trillion; Whereas each citizen of the United States would owe over $63,000 to pay off the national debt if they were forced to pay out-of-pocket; Whereas the national debt is expected to exceed $30 trillion within the next decade; Whereas when the national debt continues to grow at an alarming rate, the probability of a fiscal crisis increases; Whereas financial waste and inefficiencies are prevalent in the Federal Government, illustrated by more than 250 areas identified in past Government Accountability Office reports where reforms are needed to reduce duplication and overlap; Whereas agencies have Office of Inspector Generals and the Government Accountability Office exists in order to monitor Federal spending and identify areas of waste and inefficiency; Whereas each Member of Congress is elected by, and works for, their constituents who pay taxes; Whereas each Member is elected to ensure that taxpayers’ dollars are used responsibly; Whereas Congress has the fundamental responsibility to efficiently utilize the power of the purse; and Whereas the House should find budgetary savings of at least $40 billion each fiscal year: Now, therefore, be it

That the House of Representatives— (1) believes the national debt is rising unsustainably and needs to urgently be addressed; and (2) encourages each Member of the House of Representatives to introduce and advocate for legislation to find at least $100 million of Federal programs to cut spending from each fiscal year, aside from annual Appropriations bills.