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Public Statements

Protecting Our Credit

Floor Speech

Location: Washington, DC

Mr. McCLINTOCK. Mr. Speaker, on Wednesday, the Democratic whip charged that the Full Faith and Credit Act places America's credit at risk of default. As Churchill said:

It would not be possible to state the opposite of the truth with greater precision.

Quite the contrary, this measure guarantees that whatever political storms are raging in Washington, America's debt will always be paid in full and on time. I would remind him that if the full faith and credit of the United States is ever compromised, all programs are jeopardized. This bill protects the public credit so that the public credit can protect seniors and disabled veterans and all of our other obligations.

No one wants to see a stalemate that would delay any payment. That would be unprecedented, disruptive, and dangerous. But the worst and most lasting damage of such an event would be to imperil our Nation's credit. This bill simply ensures that even in the worst-case scenario, that will never happen.

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