PRESS RELEASE: U.S. Representative Massie Votes No on Full Faith and Credit Act

May 9, 2013 Issues: Spending Cuts and Debt, Tax Reform

U.S. Representative Massie
Votes No on Full Faith and Credit Act

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

WASHINGTON – Congressman Massie has released the following statement regarding his vote against the Full Faith and Credit Act.

“I voted against the Full Faith and Credit Act today because it is a debt limit increase, and I think many do not realize that,” said Rep. Massie. “While I support the idea of debt prioritization, this bill does not do that.”
 
The original prioritization language was replaced in committee with language that allows the federal government to further increase the nation’s debt. By exempting interest payments and many principal rollovers from the debt limit, this bill now permits, and even incentivizes, the federal government to continue issuing trillions of dollars of new debt.
 
“Instead of helping to bring the national debt under control, this bill will only make a bad problem worse,” continued Massie.