Steny Hoyer said "The gentleman is very generous. The irony, as I pointed out, Mr. Speaker, is that in the pay-for that they have used, CBO scores that as a $12.5 billion increase in the debt, not a decrease. The reason for that is, it cuts $28 billion, essentially, that we would otherwise collect and that we spend $14 billion of that, so there is a net $12 billion plus remaining to add to the deficit. I understand and I agree with the gentleman that the debt is important. We need to deal with it. I agree with his observation that our defense officials see that as a clear and present danger to our country. We need to deal with it. I suggest respectfully to the gentleman that the offset does not accomplish that objective." @ PoliticalQuotes.com

On the recordNovember 2, 2023

The gentleman is very generous. The irony, as I pointed out, Mr. Speaker, is that in the pay-for that they have used, CBO scores that as a $12.5 billion increase in the debt, not a decrease. The reason for that is, it cuts $28 billion, essentially, that we would otherwise collect and that we spend $14 billion of that, so there is a net $12 billion plus remaining to add to the deficit. I understand and I agree with the gentleman that the debt is important. We need to deal with it. I agree with his observation that our defense officials see that as a clear and present danger to our country. We need to deal with it. I suggest respectfully to the gentleman that the offset does not accomplish that objective.

Said by

Steny Hoyer

Democratic · Maryland

Source

govinfo.gov

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