Weekly Address: America's Fiscal Future
This week, I laid out my plan for our fiscal future. It’s a balanced plan that
reduces spending and
brings down the deficit, putting America back on track
toward paying down our debt.
We know why this challenge is so critical. If we don’t act, a rising tide of
borrowing will damage our economy, costing us jobs and risking our future
prosperity by sticki
ng our children with the bill.
At the same time, we have to take a balanced approach to reducing our
deficit –
an approach that protects the middle class, our commitments to
seniors, and job
-creating investments in things like education and clean
energy. W
hat’s required is an approach that draws support from both parties,
and one that’s based on the values of shared responsibility and shared
prosperity.
Now, one plan put forward by some Republicans in the House of
Representatives aims to reduce our deficit
by $4 trillion over the next ten
years. But while I think their goal is worthy, I believe their vision is wrong for
America.
It’s a vision that says at a time when other nations are hustling to out-
compete us for the jobs and businesses of tomorrow, we hav
e to make
drastic cuts in education, infrastructure, and clean energy
– the very
investments we need to win that competition and get those jobs.
It’s a vision that says that in order to reduce the deficit, we have to end
Medicare as we know it, and make cu
ts to Medicaid that would leave millions
of seniors, poor children, and Americans with disabilities without the care
they need.
But even as this plan proposes these drastic cuts, it would also give $1 trillion
in tax breaks to the wealthiest 2% of American
s – an extra $200,000 for
every millionaire and billionaire in the country.
I don’t think that’s right. I don’t think it’s right to ask seniors to pay
thousands more for health care, or ask students to postpone college, just so
we don’t have to ask those w
ho have prospered so much in this land of
opportunity to give back a little more.
To restore fiscal responsibility, we all need to share in the sacrifice
– but we
don’t have to sacrifice the America we believe in.
That’s why I’ve proposed a balanced approa
ch that matches that $4 trillion in
deficit reduction. It’s an approach that combs the entire budget for savings,
and asks everyone to do their part. And I’ve called on Democrats and
Republicans to join me in this effort
– to put aside their differences to
help
America meet this challenge. That’s how we’ve balanced our budget before,
and it’s how we’ll succeed again.
We’ll build on the savings we made from last week’s bipartisan budget
agreement, while protecting the job
-creating investments that are critic
al to
our future.
We’ll find additional savings in our defense budget. Over the last two years,
the Secretary of Defense has taken on wasteful spending that does nothing to
protect our troops or our nation, saving $400 billion in current and future
spendin
g. I believe we can do that again.
We’ll reduce health care spending, and strengthen Medicare and Medicaid
through common
-sense reforms that will get rid of wasteful subsidies and
increase efficiency.
We’ll reduce spending in our tax code with tax reform t
hat’s fair and simple
–
so that the amount of taxes you pay doesn’t depend on how clever an
accountant you can afford. And we should end the tax cuts for the wealthiest
Americans, too. Because people like me don’t need another tax cut.
So that’s my approac
h to reduce the deficit by $4 trillion over the next 12
years while protecting the middle class, keeping our promise to seniors, and
securing our investments in our future. I hope you’ll check it out for yourself
on WhiteHouse.gov. And while you’re there, you can also find what we’re
calling the taxpayer receipt. For the first time ever, there’s a way for you to
see exactly how and where your tax dollars are spent, and what’s really at
stake in this debate.
Going forward, Democrats and Republicans in Washin
gton will have our
differences, some of them strong. But you expect us to bridge those
differences. You expect us to work together and get this done. And I believe
we can. I believe we can live within our means and live up to the values we
share as America
ns. And in the weeks to come, I’ll work with anyone who’s
willing to get it done.
Thanks for listening. Have a great weekend.
还没有评论,快来发表第一个评论!