Hoyer Statement on CBO's Long-Term Budget Outlook

For Immediate Release:

July 15, 2014

Contact:

Mariel Saez, 202-225-3130

WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today after the Congressional Budget Office released their long-term budget outlook:

“Today's Economic and Budget Outlook from the nonpartisan Congressional Budget Office ought to be a stark reminder that Congress must work together to promote fiscal sustainability over the long term. If we fail to do so, demographic changes and interest payments will cause our debt to continue to rise as a share of our economy, crowding out investments in economic growth and the creation of jobs. The result will be fewer opportunities for American families.

“While there are many reasons to be concerned by today's outlook, one bright spot is that the projection for the growth in our nation's health care costs has shrunk compared to past years, in part as a result of the Affordable Care Act. Instead of working to undermine or repeal that law, I hope House Republicans will work with Democrats to build on the savings it has achieved by identifying other ways to bring down our deficits and debt responsibly and not on the backs of the most vulnerable Americans.”

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