Full Faith and Credit Act

Floor Speech

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Mr. YOUNG of Indiana. Madam Speaker, I rise in support of the Full Faith and Credit Act.

Now, much has been said about how ridiculous it is that we find ourselves going through this debt limit routine so darned often, but this limit exists in order to induce this body to reflect on the folly of our mindless borrow-and-spend practices. Such reflection ought to lead us to serious debate and even to cooperation. It presents an opportunity for public servants to engage in thoughtful, respectful dialogue and to craft long-term solutions.

As we approach the limit for the third time in my 2 1/2 years here, we have an opportunity to work together and finally make our largest programs of government sustainable. We have an opportunity to work together and finally tackle long-neglected issues like tax reform so that jobs and personal incomes can grow more quickly.

The Full Faith and Credit Act protects and advances such opportunities for Congress to accomplish big things, and it does this simply by removing the specter of default from the table altogether. No one is contemplating default over our Nation's obligations. America will always and forever pay its bills, and the Full Faith and Credit Act makes this crystal clear--by making default impossible.

Our support for this act simply cannot and should not be regarded as ideological or partisan, so I respectfully call on every one of my good colleagues, Republican and Democrat, to support this commonsense bill, to take default off the table, and to put the focus squarely on dealing with our real challenges. Let's harness this opportunity of an approaching borrowing limit to come together as problem solvers.

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