Congresswoman Annie Kuster (NH-02) released the following statement today after voting against the so-called Full Faith and Credit Act, misguided legislation that lays the groundwork for a default on our nation's obligations and once again risks the full faith and credit of our country.
"This bill is nothing more than a plan to default on our nation's obligations, plain and simple," Kuster said. "It sets the stage for yet another manufactured crisis that would prioritize payments to China and other foreign creditors over our obligations to seniors on Medicare, veterans, and the men and women of our Armed Forces."
"Rather than simply bracing for default, both parties need to work together to reduce the deficit in a balanced way that will help create jobs, grow the economy, and strengthen the middle class," Kuster added. "As we do, Congress must reassure creditors and the American people that our government will continue to meet its obligations and avoid a catastrophic default. Any suggestion that we would even consider doing otherwise would be irresponsible, undermine confidence in our government, and put our credit rating at risk."
Before voting against the final bill, Kuster filed an amendment urging Congress to refocus on the need to responsibly reduce the deficit, promote economic growth, help create jobs, eliminate wasteful spending, streamline government, reform our tax code, and help reduce the cost of healthcare while preserving Medicare and Social Security. Kuster also voted for an amendment to prohibit pay to Members of Congress in the event the debt ceiling is reached.