Political Quotes

“Madam President, I now send a modification to the desk. The ACTING PRESIDENT pro tempore. The amendment is so modified. The amendment, as modified, is as follows: At the appropriate place, insert the following: SEC. ___. FULL FAITH AND CREDIT ACT. (a) Short Title.--This section may be cited as the ``Full Faith and Credit Act''. (b) Prioritize Obligations on the Debt Held by the Public.--In the event that the debt of the United States Government, as defined in section 3101 of title 31, United States Code, reaches the statutory limit, the authority of the Department of the Treasury provided in section 3123 of title 31, United States Code, to pay with legal tender the principal and interest on debt held by the public shall take priority over all other obligations incurred by the Government of the United States. (c) Prioritize Payment of Social Security Benefits.-- Notwithstanding subsection (b), in the event that the debt of the United States Government, as so defined, reaches the statutory limit, the authority described in subsection (b) and the authority of the Commissioner of Social Security to pay monthly old-age, survivors', and disability insurance benefits under title II of the Social Security Act shall be given equal priority over all other obligations incurred by the Government of the United States.”