The National Debt’s Risk to Our Security
At the federal level, our national government’s debt has grown to more than $38.6 trillion. Of this debt, more than $8 trillion is owed to people outside our nation – including more than $1 trillion owed to individuals in China. This debt owed to foreign individuals, companies and nations represents a looming future threat to our nation’s economy and security.
Last year, I supported Senate Resolution 51, which recognizes the urgency of our federal debt and its threat to national security. This resolution now serves as a national model for other states to use to help draw attention to the seriousness of the national debt.
Our federal government must take real steps to cut debt to help secure our economic future and ensure that burden does not fall on future generations of Americans.
