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 Statement on Possible Furloughs of NOAA Employees

Im deeply disappointed that civilian employees at NOAA may be furloughed beginning in June because Congress has not reached an agreement to replace sequestration with a balanced alternative.

Hoyer, O'Malley Op-ed: Replace the Sequester Before It's Too Late

Over the past six years, Maryland has taken a balanced approach when it comes to fiscal policy making responsible cuts to spending while prioritizing investments in jobs, opportunity, and a stronger middle class. Because of this balanced approach, we're on the verge of eliminating Maryland's long-standing structural deficit, we have achieved the No. 1 public schools in the countryfor five years in a row, and since 2007, we've done more than any other state in the nation to hold down the cost of college tuition.