Patrick Toomey actually said...

"The market knows the difference between delaying a payment to the guys who cut the grass on the Mall, and failure to make a bond payment."

"It seems to me that a Treasure Secretary would have to willfully choose to default on our bonds."

"My understanding is that his view of his own rule is that it would call for a higher Fed funds rates than what we have now."

"I think it is a huge mistake and factually incorrect for some to suggest that failure to immediately raise the debt limit is equal to a default on our debt."