| 00:00:3923 sec. |
Obama, Barack - President
Good afternoon, everybody. Congress has now approved a compromise to reduce the deficit and avert a default that would have devastated our economy.... |
| 00:01:0223 sec. |
Obama, Barack - President
This compromise guarantees more than $2 trillion in deficit reduction. It’s an important first step to ensuring that as a nation we live within our... |
| 00:01:2549 sec. |
Obama, Barack - President
This is, however, just the first step. This compromise requires that both parties work together on a larger plan to cut the deficit, which is important... |
| 00:02:1434 sec. |
Obama, Barack - President
I’ve said it before; I will say it again: We can’t balance the budget on the backs of the very people who have borne the biggest brunt of this... |
| 00:02:4834 sec. |
Obama, Barack - President
And in the coming months, I’ll continue also to fight for what the American people care most about: new jobs, higher wages and faster economic growth.... |
| 00:03:2250 sec. |
Obama, Barack - President
That’s part of the reason that people are so frustrated with what’s been going on in this town. In the last few months, the economy has already... |
| 00:04:1237 sec. |
Obama, Barack - President
So, voters may have chosen divided government, but they sure didn’t vote for dysfunctional government. They want us to solve problems. They want... |
| 00:04:4923 sec. |
Obama, Barack - President
And that’s why, when Congress gets back from recess, I will urge them to immediately take some steps -- bipartisan, common-sense steps -- that will... |
| 00:05:1221 sec. |
Obama, Barack - President
We need to begin by extending tax cuts for middle-class families so that you have more money in your paychecks next year. If you’ve got more money... |
| 00:05:3312 sec. |
Obama, Barack - President
And while we’re at it, we need to make sure that millions of workers who are still pounding the pavement looking for jobs to support their families... |
| 00:05:4529 sec. |
Obama, Barack - President
Through patent reform, we can cut the red tape that stops too many inventors and entrepreneurs from quickly turning new ideas into thriving businesses... |
| 00:06:1426 sec. |
Obama, Barack - President
We also need to give more opportunities to all those construction workers out there who lost their jobs when the housing boom went bust. We could put... |
| 00:06:4032 sec. |
Obama, Barack - President
And while we’re on the topic of infrastructure, there’s another stalemate in Congress right now involving our aviation industry which has stalled... |
| 00:07:1236 sec. |
Obama, Barack - President
So these are some things that we could be doing right now. There’s no reason for Congress not to send me those bills so I can sign them into law... |
| 00:07:481 min. |
Obama, Barack - President
So, we’ve seen in the past few days that Washington has the ability to focus when there’s a timer ticking down, and when there’s a looming disaster.... |
| 00:08:561 min. |
Obama, Barack - President
Thanks very much, everybody. |