OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Full Faith and Credit Act

Floor Speech

Date: May 9, 2013
Location: Washington, DC
Issues: Senior Citizens Finance and Banking Veterans

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Mr. VEASEY. Madam Speaker, I rise in strong opposition to the Pay China First Act. Once again, the Republican majority has chosen to play politics with the credit of our Nation. Instead of coming to the table with solutions, they are ensuring that we will come to a default on our Nation's debt.

This bill accomplishes one simple goal: pay China first. If the Republicans cause a default on our debt, H.R. 807 would guarantee that bondholders in China and other foreign nations will get paid before our men and women in uniform. Honorable veterans and the doctors and the hospitals that take care of our senior citizens on Medicare will all lose out. Are these truly the right priorities for our country, Madam Speaker?

Democrats are focused on job recovery, job growth, and securing a future for our hardworking taxpayers and the middle class. We are ready to act now on commonsense budget proposals that are balanced and fair. I ask the majority now to stop playing political games and let's work together on commonsense solutions to strengthen our country.

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