I voted against…

I voted against the Full Faith and Credit Act today because it is a stealth debt limit increase.

While I could support the idea of debt prioritization, this bill does not do that.

The original prioritization language was gutted in committee and replaced with language allowing the federal government to continue the status quo of irresponsible spending.

By exempting interest payments and many principal rollovers from the debt limit, this bill now permits, and even incentivizes, the government to continue issuing trillions of dollars of new debt.

Instead of helping to bring the national debt under control, passage of this bill will only make a bad problem worse.

Rep. Massie Brilliantly Explains Why the Full Faith and Credit Act Raises the Debt Ceiling!

Quote | This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s