Congressman Ted Yoho (FL-03) voted in favor today of H.R. 807, the Full Faith and Credit Act. This bill eliminates the threat of debt default by ensuring interest payments and Social Security payments are always paid first should the debt ceiling be reached.
After the vote, Congressman Yoho said, "Today, we voted to protect America's seniors from the political scare tactics that have distracted us from real debt solutions once and for all. This act forces President Obama to stop blaming Congress for obstructing the process and to finally be accountable to the American people in prioritizing our spending."
Beyond prioritizing interest and Social Security payments, the Full Faith and Credit Act would require the Treasury Department to report to Congress once a week to ensure the law is followed.