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: National Budget Should Reflect Maryland's Values

WASHINGTON, DC - Congressman Steny Hoyer released the following statement today on the House Republican and Democratic fiscal year 2005 budgets. Congressman Hoyer supported the House Democratic budget which would balance the budget in 8 years, invest in America's priorities, and provide for a strong national defense.________________________________________________________________________

Rep. Hoyer, Members of the MD Delegation Denounce GOP Cuts to Federal Investments Critical to Maryland

WASHINGTON, D.C. - Today, Congressman Steny Hoyer and members of the Maryland Congressional Delegation denounced President Bushs proposed fiscal year 2005 budget, which contains harmful cuts to federal investments in Maryland that the state would be forced to absorb. The House of Representatives is scheduled to consider the fiscal year 2005 federal budget next week, which is expected to be approved today by the Republican-controlled House Budget Committee.________________________________________________________________________