Decisions we face on our budget and our deficit and these are decisions that will have real and lasting impact on our recovery. Economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013 and we've seen signs of this progress over the last several weeks – home prices continue to climb, car sales are at a five-year high, manufacturing has been strong and we've created over 6 million jobs in the last 35 months; but we've also seen the effects that political dysfunction can have on our economic progress. The drawnout process of resolving the fiscal cliff hurt consumer confidence, the massive automatic cuts have Ardi began to affect business decisions. So we've been reminded that it's critical to cut wasteful spending we can't just cut our way to prosperity; deep indiscriminate cuts to things like education, training, energy and national security, will cost us jobs – and it was slow down our recovery. It's not the right thing to do for the economy, it's not the right thing for those folks that are still out there looking for work. And the good news is this doesn't have to happen. For all the drama and disagreement that we've had to have happened over the past few years, the Democrats and Republicans been still able to come together and cuts the deficit by $2.5 trillion through a mix of spending cuts and higher rates of taxes on the wealthy. It bounced approach has achieved more than a 2.5 trillion deficit reduction, that's more than halfway to the $4 trillion that economists and elected officials from both parties believe is required to stabilizer our debt – so we made progress, and I still believe we can finish the job with spending cuts and more text reform. The proposals I put forward, during the fiscal cliff negotiations, and discussions with speaker Bayner and others, are still very much on the table. I just want to repeat – the deals I put foreword on spending cuts and touch entitlement reform and tax reform I put forward are still on the table – I've offered sensible reforms to Medicare and other entitlements and my health-care proposals achieve the same amount of savings by the beginning of the next decade as the reforms that have that have been proposed by the bipartisan Bowles Simpson fiscal commission, theseproposals would reduce our governments Bill – what's up cameraman? Come on guys, the breaking myflow all the time – these reforms would reduce our governments billed by reducing the cost of healthcare, not shifting all those costs onto middle class seniors or the working poor or the children with disabilities but neverthelessI cheating the kind of savings we are looking for – but in order to achieve the full $4 trillion in deficit reduction that is the stated goal of economists and our elected leaders, these modest reforms in our social insurance programs have to go hand-in-hand with a process of tax reform so the wealthiest individuals and corporationscan't take advantage of loopholes and reductions that are available to most Americans. Leaders of both parties have already identified a need to get rid of most of these loopholes and deductions there's no reason why we should keep them, added time when we are trying to cut down on her deficit. And if we are going to close these loops holes then there's no reason we should use the savings that we obtained and turn around and spend that I knew text breaks for the wealthiest or for corporations. If we are serious about paying down the deficit, the savings we achieve from tax reform should be used to pay down the deficit; and topotentially make our businesses more competitive. Now, I think thisbalanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction, the overwhelming majority of American people, Democrats and Republicans as well as independents have the same view, and the house and the Senate are working towards budget proposals that I hopereflect thisbalanced approach – having said that I know a full budget may not be finished before March 1 - and unfortunately that's the date when a series of harmful automatic cuts of job creating investments and defense spending, also known as quotation"The Sequestor" are scheduled to take effect. So – if Congresscan't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then I believe they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until Congress finds a way to replace these cuts with a smarter solution. There is no reason, that the jobs of the thousands of Americans who work in national security or education or clean energy not to mention the growth of the entire economy should be put in jeopardy just because folks in Washington couldn't come together to eliminate a few special interest tax loopholes or government programs that we agreed need some reform. Congress is already working towards a budget that would permanently replaced the sequester at the very least we should give them the chance to come up with this budget instead of making an indiscriminate cut now that will cost us jobs and significantly slowed down a recovery. So let me just repeat, our economy is headed right now in the right direction and it will stay that way as long as there aren't any anymore self-inflicted wounds coming out of the Washington so let's keep on chipping away this problem together, as Democrats and Republicans, to give our workers and their businesses the support that they need to thrive in the weeks and months ahead. Thanks very much and I know that you're going to have a whole bunch of other questions and that'swhy I hired this guy Jay Carney to take those questions. Thank you everybody.(walks out)
Sorry it's so "blocky" but that's the way Dragon does it.
Okay so the prez didn't blame any single party outright here, but we all know the way he thinks .... It's the general appearance that wealthy are bad, poor are good .... PPPFFFFST!
As normal he is calling for SHORT TERM efforts - again ... And I think the Congress is really taking their cues from YOU Mr President!
Time to stop CAMPAIGNING and start doing the damn job you were voted into! Stop wasting millions/billions on airplane rides when an Internet chat will do, just so you can give photo-ops to local politicians, and the frequent vacations? STOP THAT!
SHOW THEM how to get the JOB DONE by keeping your honey in the WH and get some sh-tuff done!
Tuesday, February 05, 2013
BREAKING NEWS: Presidential Speech
Here is the rough transcript (via Dragon software) of today's speech by President Obama on the impending sequester/auto-cuts if a budget isn't passed ... Followed of course by my comments:
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