Georgia General Assembly · Full text

HR 1988: Chronic federal deficit spending as a root cause of inflation and long-term economic instability; recognize

Introduced version, the latest LegiScan holds · Last action March 27, 2026 · Passed

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House Resolution 1988

By: Representatives Barrett of the 24th, Gaines of the 120th, Blackmon of the 146th, Tarvin of the 2nd, Cannon of the 172nd, and others

A RESOLUTION

Recognizing chronic federal deficit spending as a root cause of inflation and long-term economic instability; and for other purposes.

WHEREAS, state governments are constitutionally or statutorily required to balance their budgets, demonstrating that fiscal responsibility and essential public services are not mutually exclusive; and

WHEREAS, for decades, the federal government has engaged in habitual deficit spending, treating fiscal imbalance as a normal condition of governance rather than an exception reserved for true national emergencies; and

WHEREAS, persistent federal deficit spending has resulted in unprecedented national debt levels, requiring continuous borrowing that expands the money supply and places upward pressure on inflation; and

WHEREAS, inflation functions as a hidden tax on working families, retirees, fixed-income households, and small businesses by eroding purchasing power, increasing the cost of food, housing, energy, healthcare, and transportation, and diminishing the real value of wages and savings; and

WHEREAS, while the federal budget cannot reasonably be balanced overnight, continued delay and inaction reflect a failure of fiscal stewardship and a disregard for intergenerational responsibility.

NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES that the members of this body recognize chronic federal deficit spending as a root cause of inflation and long-term economic instability.

BE IT FURTHER RESOLVED that the members of this body affirm that fiscal discipline is not merely an accounting exercise but a moral obligation to protect the economic security of present and future generations of Americans.

BE IT FURTHER RESOLVED that the Clerk of the House of Representatives is authorized and directed to make appropriate copies of this resolution available for distribution to the Speaker of the United States House of Representatives, the Majority Leader of the United States Senate, and the members of the Georgia Congressional Delegation.