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 Op-ed in the Enterprise: Furloughs Hurting Morale, Readiness on Navy Bases

Last Tuesday, I had the opportunity to sit down with some of the hard-working civilian defense employees at Patuxent River Naval Air Station to hear firsthand how sequestration and furloughs are affecting them, their families, operations on base and the wider community.

Hoyer, Mikulski, Cardin, Members of Maryland House Delegation Urge Congress to Replace Sequestration, End Furloughs

Beginning this week, hundreds of thousands of civilian defense employees in Maryland and across the country will experience furloughs as a result of Congresss inability to compromise on a balanced, responsible agreement to reduce the deficit. In addition to the non-defense federal employees in Maryland who have already taken furlough days, over 41,000 of our constituents who work at defense installations will begin furloughs this week, and we once again urge the House to take action to replace the sequester in its entirety with a balanced alternative and end these unnecessary furloughs.

Hoyer Statement on Meeting with Pax River Federal Employees

Today, I met with federal employees at Pax River to discuss the need to replace the irrational policy of sequester and end the furloughs that 46,000 civilian defense workers at Pax River and at military installations across Maryland are facing.

Hoyer: It’s Time for Democrats and Republicans to Work Together in a Bipartisan Way to Rise to Our Budget Challenges

Mr. Speaker, as we proceed with the fifteenth week of the Republican policy of sequester, this House continues to avoid taking the steps it ought to be taking to replace the entire sequester with a balanced alternative. Instead, House Republicans have fully embraced the sequester's draconian cuts, which slash funding from our highest and lowest priorities equally and put our economic recovery and national security at risk.

Hoyer Attends Greater Bowie Chamber of Commerce Annual Dinner

I want to thank the Greater Bowie Chamber of Commerce for the opportunity to discuss what Congress is doing to address our fiscal and economic challenges and to help businesses grow right here in Maryland.

Hoyer Statement on Defense Department Furloughs

I'm deeply disappointed that Department of Defense civilian employees, including 46,000 hardworking employees in Maryland, will begin receiving furlough notices in two weeks because Congress has failed to reach an agreement to replace the sequester.