PatrickHenry1
Member
- Joined
- Apr 26, 2013
- Messages
- 17
My friend Congressman Thomas Massie joined me today in voting against H R 807, the Full Faith and Credit Act, a bill that effectively raises the debt ceiling by exempting certain items from counting toward the debt ceiling. By liking Rep. Massie's Page and sharing his explanation, you can help spread the word about a truly principled congressman who's looking out for the people, not special interests.
I voted against the Full Faith and Credit Act today because it is a stealth debt limit increase.
While I could support the idea of debt prioritization, this bill does not do that.
The original prioritization language was gutted in committee and replaced with language allowing the federal government to continue the status quo of irresponsible spending.
By exempting interest payments and many principal rollovers from the debt limit, this bill now permits, and even incentivizes, the government to continue issuing trillions of dollars of new debt.
Instead of helping to bring the national debt under control, passage of this bill will only make a bad problem worse.
I voted against the Full Faith and Credit Act today because it is a stealth debt limit increase.
While I could support the idea of debt prioritization, this bill does not do that.
The original prioritization language was gutted in committee and replaced with language allowing the federal government to continue the status quo of irresponsible spending.
By exempting interest payments and many principal rollovers from the debt limit, this bill now permits, and even incentivizes, the government to continue issuing trillions of dollars of new debt.
Instead of helping to bring the national debt under control, passage of this bill will only make a bad problem worse.