Dear FreedomWorks member,
As one of our millions of FreedomWorks members nationwide, I urge you to contact your U.S. Senators and urge them to vote YES on the Toomey amendment to H.R. 325. This amendment contains Senator Toomey’s “Full Faith and Credit Act”, to require the Treasury to fulfill critical payment obligations in the event that the federal debt limit is exceeded.
In July of 2011, with the federal government rapidly approaching the debt limit, President Obama declared that if the debt ceiling was not raised he might not have the money to send out Social Security checks to seniors. The truth is that even when the debt limit is reached the government still collects revenues, and the Department of the Treasury has the ability to choose which programs will be funded with the money that is still flowing in. That funding is more than sufficient to pay for the most crucial spending items, such as entitlements and the interest on the debt, which means that the President has to actually choose to deny checks to seniors on Social Security.
Senator Toomey’s amendment prevents the executive branch from holding crucial spending hostage in the event that the debt ceiling is reached, by formally requiring that the Treasury pay interest on the debt, Social Security benefits, and the salaries of our active duty armed forces before anything else.
I urge you to call your U.S. Senators and ask them to vote YES on the Toomey “Full Faith and Credit Act” amendment to H.R. 325. We may count the vote on this amendment as a KEY VOTE when calculating the FreedomWorks Economic Freedom Scorecard for 2013. The Economic Freedom Scorecard is used to determine eligibility for the FreedomFighter Award, which recognizes Members of Congress with voting records that support economic freedom.
President and CEO, FreedomWorks