Budget & Fiscal Responsibility

Congressman Hoyer is fighting to address our nation's deep deficits and debt, and is actively engaged in the effort to put our country on a fiscally sustainable path. He believes that it is immoral to expect future generations to pay for the excess spending of this and previous generations. He introduced and successfully helped enact into law the pay-as-you-go principle - or "PAYGO" - a proven tool for fighting debt that that helped create budget surpluses in the 1990s. Like families across the country, Congress must make the tough choices to determine our real priorities and not spend beyond our means.  PAYGO also forces Congress to look harder for wasteful spending that can be cut.

Congressman Hoyer has called on Congress to enact a deficit reduction plan that recognizes the need to create jobs in the short term while bringing down our deficit over the long term. He supports a solution that puts all options on the table, including spending cuts, increasing revenues, cutting waste in defense spending, and strengthening entitlements while protecting seniors and the most vulnerable and preserving the Medicare guarantee. He has urged both parties to compromise on a balanced approach that asks all Americans to contribute their fair share.

Congressman Hoyer is committed to reducing the deficit, and has urged both parties to work together to put our nation on a fiscally sustainable path while making the investments we need to have a strong economy.

Hoyer talks of fiscal responsibility

When Rep. Steny Hoyer (D-Md., 5th) arrived Monday at Leonardtown High School to speak with students about the importance of fiscal responsibility, social studies teacher Mike Denny urged the students to show respect.

Hoyer Hosts Make It In America Roundtable with Local Businesses, Educators

I was pleased to join local manufacturers, business leaders, and educators today for a very productive discussion on how we can best meet the employment needs of local manufacturers and how the Make It In America agenda and JOBS Act would be helpful to future success and local economic growth.

Hoyer Discusses Fiscal Responsibility with Leonardtown High School Students

Thank you for inviting me to speak to you today. And thank you for taking such a strong interest in what happens in Congressan interest I saw reflected in the challenging questions some of you submitted for me, and because of the more than 25 in-depth and insightful letters I received from you. Im here, in fact, because of the letters I received, and because of how seriously you take our countrys problems.

Hoyer Statement on Continuing Resolution

This piece of legislation will provide for the funding of our government from now until September 30th of this year.

Hoyer Statement on Budget Agreement

Tonight President Obama, Senator Reid, and Speaker Boehner announced that a deal has been reached to fund the government for the remainder of the fiscal year.