On the recordOctober 21, 2015
I rise this morning in some horror and alarm over the so-called Default Prevention Act that this Chamber will be considering. Of all the Orwellian names that the House comes up with for legislation, this one is truly deserving of an award by the Ministry of Truth. For those of you at home who have not been following the swirling, madcap antics around the House of Representatives lately, let me assure you that the Default Prevention Act in no way prevents a default. The Default Prevention Act, in fact, specifies that two categories of people get paid in the event that the Congress does not raise the debt ceiling. It specifies that private bondholders of U.S. Treasuries will get paid interest, and it specifies that Social Security recipients will be held harmless. They will get paid. Now, at some level, maybe that sounds attractive; but everybody else that is expecting a check or a salary or some form of repayment by the United States Government, they are out of luck. 1.4 million Active-Duty troops, they are not in this bill as somebody who gets paid if the government doesn't raise the debt ceiling. Four million disabled veterans are out of luck under this bill. One million doctors who today are providing Medicare services to our senior citizens are out of luck. Sorry. You didn't make it into the Default Prevention Act cooked up by the Republican majority. Mr.…





