Bill Text: PA HR267 | 2011-2012 | Regular Session | Introduced

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Bill Title: Supporting a renewed bipartisan effort of our elected officials and the American people to address the national debt crisis in order to avert the future national financial catastrophe that threatens to adversely affect the lives, liberties and happiness of future generations of Americans.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2011-05-04 - Referred to FINANCE [HR267 Detail]

Download: Pennsylvania-2011-HR267-Introduced.html

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PRINTER'S NO. 1756
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE RESOLUTION
No. 267 Session of2011
INTRODUCED BY PASHINSKI, AUMENT, BOYD, CALTAGIRONE, D. COSTA, CREIGHTON, CUTLER, DiGIROLAMO, FLECK, GEIST, GIBBONS, GINGRICH, HARKINS, HENNESSEY, HORNAMAN, JOSEPHS, KNOWLES, KOTIK, MAJOR, MANN, MURT, SCAVELLO, STABACK AND VEREB, MAY 4, 2011
REFERRED TO COMMITTEE ON FINANCE, MAY 4, 2011
A RESOLUTION
Supporting a renewed bipartisan effort of our elected officials
and the American people to address the national debt crisis
in order to avert the future national financial catastrophe
that threatens to adversely affect the lives, liberties and
happiness of future generations of Americans.
WHEREAS, For every generation of Americans, the trumpet
sounds a call for extraordinary feats to be accomplished and a
collective, unified effort to be exerted for a common good to be
shared by all current and future Americans; and
WHEREAS, This generation is likewise called to counter a
threat to the American democracy, prosperity and way of life,
that threat being the unmanageable and unsustainable national
debt; and
WHEREAS, The national debt is a growing problem that lacks a
single culprit and cannot be blamed on a single party, political
party or government program, but rather is the offspring of
successive administrations, congresses and other decision makers
of all parties, regions and eras; and
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WHEREAS, At this writing, the current national debt is more
than $14 trillion and growing; and
WHEREAS, Currently, around 32%, or roughly $4.310 trillion,
of the national debt is owned by foreign entities; and
WHEREAS, The interest on the national debt is on pace to
surpass the amount of one-half trillion dollars per year in
addition to the principal; and
WHEREAS, All levels of government need to adopt, implement
and enforce fiscally responsible methods of government spending;
and
WHEREAS, A solution to this crisis should involve and affect
all Americans as our interest in sustainable self-governance is
shared by all; and
WHEREAS, One example of such an all-American solution would
be to reform the Federal Tax Code, eliminating loopholes and
simplifying the system for all taxpayers; and
WHEREAS, The costs of the past should not unduly burden
future generations; and
WHEREAS, It is our sacred responsibility, as it was our
forefathers', to enact creative and determined solutions that
alleviate the stressors that threaten the future so that our
children and grandchildren can have an adequate quality of life
free from the burdens and constraints of our own lack of courage
and indecision; and
WHEREAS, Americans expect and deserve leaders who are willing
to pull together, not apart, and to make difficult but necessary
long-term decisions that ensure the vitality and prosperity that
are inherent in the hope for a better tomorrow; and
WHEREAS, As President Kennedy once stated on the essential
nature of nonpartisanship to certain problems: "Let us not seek
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the Republican answer or the Democratic answer, but the right
answer"; and
WHEREAS, As President Reagan warned of the dangers of
postponing responsibility: "To sit back hoping that someday,
someway, someone will make things right is to go on feeding the
crocodile, hoping he will eat you last—and eat you he will"; and
WHEREAS, The future of our nation, the Commonwealth of
Pennsylvania and our families depends on our actions to address
the debt crisis and our work, however unpopular, toward a shared
and sustainable solution; therefore be it
RESOLVED, That the House of Representatives of the
Commonwealth of Pennsylvania support a renewed bipartisan effort
of our elected officials and the American people to address the
national debt crisis in order to avert the future national
financial catastrophe that threatens to adversely affect the
lives, liberties and happiness of future generations of
Americans; and be it further
RESOLVED, That the House of Representatives of the
Commonwealth of Pennsylvania urge the President of the United
States and the Congress of the United States to create a bond
program similar to the Liberty and War Bonds of the previous
century with the express intent to pay down the national debt;
and be it further
RESOLVED, That a copy of this resolution be transmitted to
the presiding officers of each house of Congress and to each
member of Congress from Pennsylvania.
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