Patrick Toomey actually said...

I am not in the camp that argues that under no circumstances should we raise the debt limit.

when the debt limit is not raised, is it true the tax revenue still comes in?

the negative impact from higher taxes exceeds the revenue benefit to the Government from an increase in taxes.

I would just point out that we learned in the 1970s that we can have a lot of slack, weakness in the economy, and still have very high infla...