Political Quotes

On the recordFebruary 16, 2011
If our country continues on a course of fiscal irresponsibility and continues to pile debt on our children, we will all feel the consequences, no matter our party. It is vital that our two parties work together, Mr. Speaker, to put our fiscal house in order. So when I tell the House how disappointed I am in the proposal that is on the floor on spending for the rest of the fiscal year, I'm coming from a perspective of real worry about our debt, a defining challenge that must be seriously met. Sadly, that's not the seriousness we see in the Republicans' spending bills for the rest of this fiscal year. Republicans began the new Congress by passing a rules package that paves the way to add nearly $5 trillion to the deficit. Why do I say that? Because the Republican rules provide for $4.7 trillion, to be exact, in additional spending that is not paid for over the next 10 years, while at the same time suggesting reductions in spending, which I think we need to effect. I may disagree with the specifics, but we need to effect reductions in spending. However, if you project $1 trillion in reduced spending and $5 trillion in additional unpaid-for expenditure, it doesn't take much of a mathematician to get you to $4 trillion of additional deficits.
Said by
Steny Hoyer
Democratic · Maryland
Source
govinfo.gov
Feb 16, 2011

Editor's note · Context

Hoyer addresses concerns about fiscal responsibility and the impact of proposed Republican spending bills.

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