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If I may, it appeared to me that Bill acknowledged the validity of the Court's decision overturning the Stolen Valor Act. He was pointing out that, had it not been overturned, a logical next step for legislation would the the Truth in Political Speeches and Advertising Act, which - following the court's reasoning - would also be overturned.
The protection of political speech is one of the core purposes of the First Amendment. If the people in power were have the ability to define truth and enforce it through criminal sanction, democracy would quickly die. Rather than criminal sanction, the proper response to false speech is more effective speech. As the court pointed out, his lies resulted in some very effective counter-speech. He was called out, humiliated, ridiculed and politically ruined.
Regards,
D-Ray
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Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
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