Our Fiscal Responsibility in Cutting Spending Explained by Hoyer on House Floor

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... gentleman yields back. the chair recognizes the gentleman from maryland, mr. hoyer, for five minutes. mr. hoyer: good morning, mr. speaker. if our country continues on the 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 republican spending bills for the rest of this fiscal year. republicans begin 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 affect. i may disagree with the specifics but we need to affect reductions in spending. however, if you project $1 trillion in reduced spending and $5 trillion in additional unpaid for expenditures, it doesn't take much of a mathematician to get you to $4 trillion of additional deficits. in context of the $5 trillion they've authorized themselves to borrow from our children and in context of a republican record of fiscal irresponsibility in the past, whereas i pointed out, every republican administration with which i've served has run over $1 trillion of deficit, $1.4 trillion for mr. reagan, about $1.1 trillion for the first president bush, and $3.6 trillion for the second president bush. as contrasted with the $62.9 billion surplus under the clinton administration. time and again republicans have used the rhetoric of spending cuts as a cover for massive borrowing. for record surplus to turn into record deficits, $5.6 trillion projected surplus in 2001 turned into about a $5 trillion projected deficit in the following eight years. under president bush and for budgets that year after year did far more fiscal damage than they promised, this time unfortunately it's no different. but let's look at the actual cuts proposed in this spending bill. they're short-sighted and indiscriminant. even as they failed to change our long-term fiscal picture for the better, these cuts recklessly damage programs essential to america's competitive edge. i agree that reducing spending is and must be a part of the fiscal solution. but let's reduce spending wisely instead of doing it in such a way that costs america jobs. when we talk about cutting investments in education, in innovation and in infrastructure we are talking about cutting tomorrow's jobs. because those are exactly the investments that will build the technologies and industries of the future and help american workers stay competitive in the global economy. the association of general contractors said that just yesterday in ""usa today."" the spending bill on the floor today would make it harder for deserving students to afford college, meaning a less educated, less competitive work force. every business person that i talked to says that's not the way to go. it would cut 20,000 researchers supported by the national science foundation and $2.5 billion in cancer and other disease research at the national institutes of health. meaning an america in danger of losing its place in the world's innovation leaders. if we do that we will not be the kind of country americans want to be. it would lead to the loss of 25,000 construction jobs and leave our air traffic control system stuck in the last century. meaning an america with an infrastructure falling further and further behind our competitors. we need spending discipline. everyone in america knows that. everyone in this house knows that. ...