[Congressional Record (Bound Edition), Volume 159 (2013), Part 5]
[House]
[Page 6090]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         PROTECTING OUR CREDIT

  (Mr. McCLINTOCK asked and was given permission to address the House 
for 1 minute.)
  Mr. McCLINTOCK. Mr. Speaker, on Wednesday, the Democratic whip 
charged that the Full Faith and Credit Act places America's credit at 
risk of default. As Churchill said:

       It would not be possible to state the opposite of the truth 
     with greater precision.

  Quite the contrary, this measure guarantees that whatever political 
storms are raging in Washington, America's debt will always be paid in 
full and on time. I would remind him that if the full faith and credit 
of the United States is ever compromised, all programs are jeopardized. 
This bill protects the public credit so that the public credit can 
protect seniors and disabled veterans and all of our other obligations.
  No one wants to see a stalemate that would delay any payment. That 
would be unprecedented, disruptive, and dangerous. But the worst and 
most lasting damage of such an event would be to imperil our Nation's 
credit. This bill simply ensures that even in the worst-case scenario, 
that will never happen.

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