    [Public Papers of the Presidents of the United States: William J. Clinton (1995, Book II)]
    [November 15, 1995]
    [Page 1757]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Action To Prevent Default on the Public Debt
    November 15, 1995

        The Republican Congress has failed to take responsible action to
    prevent default for the first time in our history and to ensure that the
    Government can meet its obligations, including paying next month's
    Social Security benefits. To prevent against default and all of its
    subsequent harmful consequences, my Secretary of Treasury has been
    forced today to take extraordinary but necessary actions. I won't allow
    the Republican Congress to force us into default or put Social Security
    beneficiaries at risk. If the Republican Congress won't take action to
    prevent default and protect Social Security recipients, I will.