Political Quotes

“House Resolution 202 provides for a structured rule for consideration of H.R. 807. This rule provides for discussion opportunities for Members of the minority and the majority to participate in this debate. Today, Mr. Speaker, we have an opportunity to guarantee the full faith and credit of the United States for generations to come by ensuring that our Nation will never default on our debt obligations. Functionally, H.R. 807, the Full Faith and Credit Act of 2013, ensures that the Treasury Department will continue to make payments on the principal and interest of our debt, including debt held by the Social Security trust fund, in the event that the statutory debt limit is reached. Requiring the Treasury to make good on its obligations to the Social Security trust fund will ensure that those funds are available to honor our commitment to seniors and disabled Americans. Moreover, H.R. 807 provides certainty to investors, small businesses, retirees, pension beneficiaries, and international markets that we will never negatively impact our economy by allowing this Nation to default on its debts. In the larger sense, it is our opportunity to engage, in a public forum, the Treasury Department and the administration on what we believe is the right way to engage in discussions about how we will move forward in uncharted territories as it's dealing with the financial difficulties of our country. However, today's debate is symptomatic of the larger problem.…”