Month: May 2013

H.R. 807: More Debt Ceiling Shenanigans

H.R. 807, the “Full Faith and Credit Act says that the United States will still make payments on our debt, the interest on the debt, and social security if we reach the debt ceiling. However, payments for everything else in the government is ignored and we would probably default on those bills. This bill has no chance of becoming law. Read More