For Immediate Release:
February 11, 2011
Katie Grant, 202-225-3130
WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) issued the following statement tonight after House Republicans released their spending bill for the remainder of Fiscal Year 2011:
“This evening, Republicans announced a spending bill that would severely damage our economy’s ability to grow and create jobs. Democrats agree that spending cuts are necessary to tackle our deep budget deficit. But Republicans—in a haphazard, closed process that clearly breaks their promises of transparency—have released a package of indiscriminate cuts that severely hamper America’s ability to compete in the global economy. Republicans would slash investments in education, innovation, and infrastructure—the very investments that will help America’s entrepreneurs build the industries and jobs of the future.
“At the same time, the Republican spending bill does very little to address our long-term fiscal challenges. That failure is even more glaring in light of the policies proposed by Republicans that would add $5 trillion to our deficit. Huge cuts in key programs may make good campaign slogans, but they will do very little to address the real sources of our debt and hurt the middle class. Instead, we must work together to pass deficit-reducing tax reform, scrutinize the defense budget for waste, and keep our entitlement programs solvent for years to come. I urge Republicans to stop running away from those challenges, and to reconsider their policy of cutting investments in growth.”