Political Quotes

On the recordDecember 17, 2015
I thank the gentleman for yielding. Mr. Speaker, as for the last speaker, I heard that speech in 1981. I heard it in 2001. I heard it in 2003. The certainty of this bill is that we will explode further deficits and provide for disinvestment. That is the certainty of this bill, and I rise in strong opposition to it. This package will raise deficits by approximately $622 billion over the next 10 years. Add to that the $58 billion in unpaid-for tax provisions in the omnibus bill of approximately $680 billion. When you add interest to that, it is almost $800 billion in additional debt, Mr. and Mrs. America. I came to this floor on Tuesday and spoke in greater detail about my opposition to this package. I, again, want to highlight one major issue, and that is how enacting this legislation will set the stage for the next round of painful sequester cuts, otherwise known as disinvestment in growing our economy and jobs. Do my colleagues not see the tragic symmetry of this package's almost $800 billion in new deficits and the sequester's $813 billion in cuts that were imposed for the sake of deficit reduction? Republicans will again insist upon hundreds of billions of cuts from domestic discretionary investment--i.e., growing jobs and the economy-- in order to make up for the budget shortfall incurred by the extension of these tax credits, some of which are made permanent.…
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Steny Hoyer
Democratic · Maryland

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