Sen. Toomey: ‘Finished’ Voting for Short-Term Budget Fixes

Apr 1, 2011 1:54pm

ABC News’ Rick Klein reports:

The pressure is on congressional leaders to solve this year’s budget stand-off once and for all, with a growing number of Republicans insisting that they won’t support any further short-term patches.

On ABC’s “Top Line” today, we showed a slice of Sen. Pat Toomey’s ride with Jonathan Karl aboard the “Subway Series,” where he warned that his patience with short-term fixes is running thin.

“I don’t want to see a government shutdown and I don’t know any of my colleagues who do. And I voted for the first House-passed continuing resolution and I voted for both the short-term resolutions,” said Toomey, R-Pa.

“But I’m probably finished voting for short-term resolutions. I think we should solve this problem and move on.”

Toomey also discussed his proposal to guarantee that, if the US debt limit isn’t increased, money owed the nation’s creditors would be paid first.

“Everybody knows, including the administration, that if we don’t raise the debt ceiling we are not going to default on our debt. Everybody knows that,” Toomey said.

“What my bill does codifies what a Treasury secretary would do anyway, which is to take the ongoing revenue from tax resources — which amount to almost 70 percent of everything the government’s planning to spend next year — and use that to make sure that we don’t default on our debt. because to default on our debt would be catastrophic. It’s a very easy thing to avoid, and we will avoid it.”

Watch the full “Top Line” segment with Sen. Pat Toomey HERE.

Also today, we chatted with Roll Call’s David Drucker about the spending stand-off, and the balancing act House Speaker John Boehner, R-Ohio, will have to engage in to sell a spending compromise to his caucus.

Watch that portion of “Top Line” HERE.

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