It seems to me that a Treasure Secretary would have to willfully choose to default on our bonds.
Pat Toomey
The Public Record
Patrick Toomey is a former United States Senator from Pennsylvania, serving from 2011 to 2022. A member of the Republican Party, Toomey was known for his focus on fiscal conservatism, economic growth, and limited government. During his tenure, he served on several Senate committees, including the Banking, Housing, and Urban Affairs Committee, where he was involved in financial regulation and economic policy discussions.
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.
The President is now calling for another--basically a stimulus bill, $50 billion to build high-speed rail, which I think would be a shocking waste of money.
We thought it was a bit of a heroic assumption to assume we paid for it over the whole period.
I just think it is really important that we do not leave that out when that is what is getting people jobs today.
I am not in the camp that argues that under no circumstances should we raise the debt limit.
The American people rebelled against wasteful Washington spending and a Government that has grown too large and too intrusive.
under no circumstances should the United States ever even get close to defaulting on the debt that we have issued.
when the debt limit is not raised, is it true the tax revenue still comes in?
It would be so disruptive and so damaging to our entire economy, to the millions of savers, Americans as well as others, that I cannot foresee how a Treasury Secretary would permit that to happen.
The failure of your Department to advance clean, reasonably priced nuclear power has hurt our Nation.





