HAS A SPENDING PROBLEM. Every time the federal government approaches
its debt limit, like clockwork, big spending politicians – from the
White House down – begin threatening ‘default’ unless the government is
able to continue with its spending binge. Such gamesmanship is a
disservice to everyone.
The United States’ credit rating should
not hang in the balance every time Washington has a debt limit debate.
It is the President’s responsibility always to make good on our
country’s debt payments, and today the House of Representatives
established that for good by passing the Full Faith & Credit Act.
It’s high time Congress moved beyond the scare tactic of ‘default.’" (Foxx)
See Mrs Foxx's press release Re Full Faith and Credit legislation!