Sen. Pat Toomey (R-PA) issued the following statement after President Obama made comments today on the debt ceiling negotiations:

"President Obama once again demonstrated a lack of seriousness today in dealing with the nation’s looming debt crisis. He chose to mischaracterize House and Senate efforts to reach a balanced budget despite the fact that he has failed to produce a plan of his own to rein in the spending problem that he and his administration have largely created over the past three years. He has also demonstrated how out of touch he is with the American people by denigrating a balanced budget amendment, which has the overwhelming support of the American people. It is a shame that the president doesn't understand that a constitutional amendment to balance the budget is consistent with Congress doing its job. The president's actions continue to point in the same direction: He wants a debt limit increase without real limits on spending. I cannot, and will not, support any plan that that does not institute meaningful spending cuts and does not put our country on the path to a balanced budget."