Whip Hoyer Discusses the Continuing Resolution for Fiscal Year 2011 and Republican Budget for Fiscal Year 2012 on CNBC

WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) discussed the Continuing Resolution for the remainder of the fiscal year and the Republican budget for fiscal year 2012 on CNBC's "Squawkbox" this morning. See excerpts of the interview and a link to the video below.

Click here to watch the video.

“There's so many Republicans taking the position that you either take what we passed, we'll not compromise, or we're going to shut down the government. That won't work. I think we're close and I think frankly if Mr. Boehner would put on the Floor a bill, which goes almost three quarters of the way toward where he wanted to go, three quarters of the way to where they wanted to go between their zero and 100, I think we could pass it.”

“Eliminating Medicare, which the [Republican] proposal does, is not the way to go. The Wall Street Journal says it eliminates Medicare as we know it. Giving the wealthiest of America a trillion dollar tax cut is not going to get us there. The [President's Bipartisan Fiscal] Commission said you have to pay attention to the entire budget. [Republicans]  totally exempt defense. Nobody thinks there's an ability to save defense, including Mr. Pence, one of the most conservative Members of their Conference, including Mr. Cantor who said the same thing. They ignore that. They give big tax cuts to the wealthiest Americans. They undermine Medicare and Medicaid. Seniors' long-term care is undermined. And they haven't dealt in a bipartisan way.”

“The American people are not to be fooled. This is exactly the same rhetoric, exactly the same kind of plan that was offered in 2001 and 2003 and it lead to the deepest recession this country has seen, an extraordinary loss of jobs and tanking of the stock market. Very frankly it's not a path we want to go down again.”

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