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.
when the debt limit is not raised, is it true the tax revenue still comes in?
If we could have some new kind of limitation other than the statutory debt limit, that would give some underlying confidence.
The American people rebelled against wasteful Washington spending and a Government that has grown too large and too intrusive.
Fundamentally it is immoral to take from our children their wealth so we can spend unearned wealth today.
My suspicion is it is on a trajectory that continues to rise higher after that.
The experience in Spain cannot be ignored, and the Solyndra, the $535 million loan that the U.S. Government made, seems to be failing already.
I am not in the camp that argues that under no circumstances should we raise the debt limit.
My concern is that ever-bigger government, however you fund it, leads to slower economic growth and lesser job creation and a lower standard of living.
We thought it was a bit of a heroic assumption to assume we paid for it over the whole period.
I think Republicans are pretty well united in understanding that we can't tax and spend or borrow and spend our way out of this recession. So there's a high level of frustration.
I think it's fair to say the Republican Party is more divided and more fractured here in Washington than at any time since I was first elected, back in '98.
We are involved in a lot of congressional races through our political arm, and we're discovering that a lot of republicans are very disappointed with this republican congress. It most likely will manifest itself with low turnout if…
I think what accounting is supposed to be all about is providing the most accurate information, and by ``accurate,'' I think we mean information that either immediately or at least in time converges with economic reality. We do not want…
I do not think that the best argument for having zero as our volatility number is actually a plausible argument, that valuing these options is inherently a very difficult task and assigning the appropriate volatility is very difficult. I…
this is really a simple idea. And I think I am understanding the gentleman from South Carolina to say that he agrees with the concept, the concept being that if you identify a specific item that appears to one of the Members here as…
we have talked about a number of individual items that we have found questionable in past omnibus bills, including, in particular, a tropical rain forest that, by the way, was not in the district of the Committee on the Budget chairman…
what happened was that immediately after that tax increase in 1993, economic growth was quite slow for some period of time; and then it accelerated, despite the tax increases. But my point is, and I do not think the gentleman is disputing…
One, to follow up on some comments made by the gentleman from Maryland, first of all, history has proven time and time again when we have cut taxes, we have ended up with increasing revenue. The gentleman from Maryland cited the Reagan…
First of all, Mr. Speaker, I have introduced a budget that had lower spending and lower deficits even than the one that we passed, the Republican one. I do not know of any Democrat that voted for my alternative budget.
if you look at the last 6 months of this year, if you look back from October of 2003 through March of 2004 and you compare the same 6-month period to the year before, you will discover that we brought in more revenue to the Federal…
I am here to say that that is just not right. It does matter. It makes a difference. It makes a big difference. I am going to finish my point, because I think it makes a big difference in terms of the economic growth of our economy, and…





