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Steny Hoyer Reads Elon Musk's Brutal Takedown Of GOP Budget Out Loud To OMB Director Russell Vought
Forbes Breaking News
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6/6/2025
During a House Appropriations Committee hearing on Wednesday, Rep. Steny Hoyer (D-MA) read Elon Musk's criticism of the Republican spending bill.
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00:00
Thank you, Mr. Chairman. I'm at 517 already. Am I over?
00:14
I am against dynamic scoring, not because I don't believe there is a dynamic score,
00:26
but because I think it is a gamble. And one of the reasons we've gotten to places where we are
00:31
is because it's been a gamble. I've been here a long time, as you know, when Ronald Reagan's
00:37
David Stockman said, tax cuts going to pay for itself. Ronald Reagan increased the deficit,
00:44
only one man can stop spending, or one person, the President of the United States, by 189%.
00:50
Mick Mulvaney told us that the Bush tax cut would pay for itself. And Mitch Daniels also told us,
01:06
excuse me, Mick Mulvaney was Trump's, that Bush's tax cut would pay for itself.
01:12
They didn't do it. And we ran deficits. And we ran deficits. The only one that really had a low
01:19
deficit was Bill Clinton and a balanced budget, as you probably recall. Now, the budget you've
01:26
now said, we've had a lot of talk about Doge. Mr. Musk, of course, headed up Doge and was regaled
01:34
as somebody who was a genius and could do everything. He said this, I'm sorry, but I just can't stand it
01:39
anymore. This massive, outrageous, pork filled congressional spending bill is a disgusting
01:47
abomination. Shame on those who voted for it. You know, you did wrong. You know it. So that at least
01:58
one person that has been high up in this administration, who being worth $450 billion is prepared to tell the
02:05
truth. This bill is not going to pay for it itself. And we are not honest with one
02:13
another. The discretionary part of the budget, which you talked, you said 30 percent, defense,
02:19
veterans, homeland security, take it far above that. So we deal with 14 or 13 percent of the
02:27
budget to try to balance the budget. That's dishonest. It cannot be done. If you eliminate
02:33
all of non-defense, non-veteran discretionary funding. So David Stockman ended up with a book
02:40
said, we lied. I hope you won't do that.
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