Patrick Toomey actually said...

"One of the things that concerns me is that the strategy itself is designed, in part, to raise inflation expectations."

"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."

"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."