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This week, I gave a speech on the imperative for solving the nation’s fiscal crisis, the need for bipartisan cooperation on this issue, and how to balance economic recovery with long-term deficit reduction. I would like to share it with you and get your thoughts.

Hoyer Speech on Deficit Reduction

The speech has received positive feedback from editorial boards and columnists. Please take a look and tell me what you think.

Time for tough economic choices
Washington Post Editorial, June 24, 2010
The long-term unemployment rate is at a record level. So is the federal deficit. Both of these are serious concerns. But it is possible -- in theory, anyway -- for Congress to be both compassionate and prudent. In the short term, lawmakers should resolve the logjam that has allowed federal benefits to lapse for more than 900,000 unemployed. In the longer term, they should heed the example of House Majority Leader Steny H. Hoyer (D-Md.), who gave a brave speech this week not only setting out the fiscal challenge but offering specific, credible suggestions for savings. Click here to read more

Lehigh: Taming the budget deficit
By Scot Lehigh, Boston Globe, June 25, 2010
House Majority Leader Steny Hoyer is that rare figure in Washington, an influential policy maker willing to acknowledge difficult truths in an election year. Click here to read more

Steny Hoyer and the Deficit: "We're Lying to Ourselves and Our Children"
By Howard Gleckman,Tax Policy Center, June 23, 2010
Maryland Democratic congressman Steny Hoyer is something of a throwback. In an age of ideological extremes, the House Majority Leader is a moderate...But this morning Hoyer gave what may turn out to be one of the most candid and important domestic political speeches of the year. Click here to read more

As always, thank you for allowing me to share this update with you. If there is anything you wish to share with me or bring to my attention, please do not hesitate to contact my office.

With warmest regards, I am

Sincerely yours,

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