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Congressman McKinley Co-Sponsors Prioritize Spending Act”
If no debt deal, bill prevents default, pays our troops and keeps promises to seniors

Washington, D.C. -Rep. David B. McKinley, P.E.(R-WV)co-sponsored legislation Wednesday that would prioritize the federal government’s spending in the case President Obama and congressional leaders cannot agree upon a deal on the debt limit. 

H.R. 2402, the Prioritize Spending Act, introduced by Rep. Daniel Webster(R-FL)last week, would prevent the country from defaulting on its obligations by stipulating which federal departments would continue to make payments while the debt ceiling agreement is being finalized.

The ‘Prioritize Spending Act’ would specify that payments on the public debt, paychecks for our military, and Social Security and Medicare benefits must be paid first. This would prevent the U.S. government from defaulting on these obligations.  

On Tuesday, President Obama attempted to scare seniors about the potential of Social Security checks being withheld if a deal is not reached by August 2nd. The president said he "cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it." Rep. McKinley said Wednesday that this is not an option that is acceptable for West Virginia and we must do whatever it takes to ensure our seniors and our troops receive the checks they were promised on August 3rd if no deal is reached.

“President Obama continues to ask for another debt ceiling increase with job-killing tax hikes attached and not nearly enough spending cuts and reforms,” McKinley said. “We should not allow him to hold the American economy hostage to fears of default, troops not getting paid and seniors having the benefits they’ve earned suddenly cut off. That’s why this legislation is necessary – to ensure that those calamities do not occur if the president insists on sinking any hope of compromise. That said, this is only a contingency plan, and I remain hopeful that the president and leaders in Congress can agree upon a bipartisan plan that cuts spending now, enacts significant structural reforms for the future and does not raise taxes on the American people.”

Click here for a list of FAQ from Rep. Webster’s website.

 

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