[Congressional Record (Bound Edition), Volume 159 (2013), Part 5]
[House]
[Page 6430]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1220
                       FULL FAITH AND CREDIT ACT

  (Mr. McCLINTOCK asked and was given permission to address the House 
for 1 minute.)
  Mr. McCLINTOCK. Mr. Speaker, yesterday, the President vowed to veto 
the Full Faith and Credit Act, charging that it would ``result in 
Congress refusing to pay obligations it has already agreed to.''
  I challenge the President to name one Member of Congress who has ever 
suggested that this is an acceptable substitute for not paying our 
other bills. His reliance on this falsehood is a measure of the 
bankruptcy of his argument.
  Delaying payments on our other obligations would do enormous damage. 
But one thing could do even more damage, and that is the threat of 
defaulting on our sovereign debt. H.R. 807 takes that threat off the 
table and assures credit markets that their investments in the United 
States are absolutely guaranteed, no matter what political storms are 
raging in Washington.
  One would think that a President who has run up more debt than almost 
all of his predecessors combined would understand the importance of 
guaranteeing the credit that supports that debt.

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