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.

In First 100 Days Obama, Congress Making Progress on Key American Priorities

Last winter, President Obama took office facing challenges unparalleled in recent memory-particularly an economy in steep decline. Since then, he and the Democratic-led Congress have taken a wide range of measures to end this historic recession and return our economy to prosperity.________________________________________________________________________

Hoyer Statement on Budget Conference Report

Today, the House has the rare opportunity to set America on a responsible course for the future, a course of lasting, broadly-shared prosperity. I urge my colleagues to seize this opportunity.

We Can't Run Deficits Forever: Controlling Entitlements is the Next Priority

Congress's debate on the federal budget this week provided a vital opportunity to confront the severity of our country's fiscal condition. For years under the previous Administration, we put off a reckoning, and now our nation is constrained by trillions in debt and billions in interest payments.________________________________________________________________________

House Budget Makes Strategic Investments in Key Priorities

WASHINGTON, DC - House Majority Leader Steny H. Hoyer (MD) released the following statement today as the House Budget Committee considers the FY10 budget resolution:________________________________________________________________________

Hoyer: President Obama's Budget Good for Maryland and the Nation

WASHINGTON, DC - Congressman Steny H. Hoyer (D-MD) released the following statement today after President Obama released his budget outline for Fiscal Year 2010. A fully-detailed budget will be sent to Congress in April.________________________________________________________________________

Hoyer, House Pass Fiscally Responsible House Budget that Invests in Key Maryland Priorities

WASHINGTON - Congressman Steny H. Hoyer (D-MD) and the House of Representatives voted today to approve the Fiscal Year 2008 Democratic House Budget, making good on a pledged commitment to set the nation back on the right fiscal track after six years of record deficits and debt created by the Bush Administration and previous Congresses.________________________________________________________________________

Hoyer: Abysmal Jobs Report Further Evidence of Administration's Economic Policies Failing Maryland and the Nation

WASHINGTON, DC Congressman Steny H. Hoyer (MD) released the following statement this morning after the Department of Labor reported that the U.S. economy lost 4,000 jobs in August, and revised downward the previously reported job gains in June and July by 81,000 jobs. Economists generally agree that the economy needs to gain 150,000 jobs a month just to keep pace with population growth:________________________________________________________________________

Seven Month Majority Progress Report

From making historic investments in the Chesapeake Bay to ensuring that more children in Maryland receive the high-quality education they deserve, the 110th Congress has been working non-stop over the past seven months making progress for the American people on the toughest challenges we face.________________________________________________________________________

New Congress Brings Fiscal Sea Change, Delivering Responsible Budget

Over the last six years, the President and previous Congresses - after enacting the most reckless fiscal policies in American history - have turned a projected surplus of $5.6 trillion into record budget deficits and additional debt of more than $3 trillion. The total debt currently held by the United States is rapidly approaching the $9 trillion mark, with the individual share of that debt for each American nearing $30,000.________________________________________________________________________

Hoyer, House Pass Fiscally Responsible House Budget that Invests in Key Maryland Priorities

WASHINGTON Congressman Steny H. Hoyer (D-MD) and the House of Representatives voted today to approve the Fiscal Year 2008 Democratic House Budget, making good on a pledged commitment to set the nation back on the right fiscal track after six years of record deficits and debt created by the Bush Administration and previous Congresses. The Democratic budget, which balances the budget without raising taxes, restores fiscal responsibility and accountability to Washington; strengthens national defense; and makes sound investments in the right priorities for Maryland families.________________________________________________________________________